New Position for April ~ American Consolidated A
Post# of 579
New Position for April ~ American Consolidated AJC.V / AMERF .06
If you look at the chart of this one it looks like a terminally ill hospital patient, hardly a blip and absolutely no volume (until today). But if you dive deeper you see that it is run by some well-known elephant hunters and the past drill results showed the indicated mineral resource at Toiyabe for a 0.01 opt (ounce per ton) gold cutoff is 173,562 contained ounces of gold. This equates to 4,975,000 tons at an average grade of 0.0349 ounces per ton (opt). This resource estimation utilized drill results from ACM drilling as well as historic drilling. American Consolidated holds 165 claims totaling 3,330 acres. The Toiyabe Project is located approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south of Barrick's Cortez Hills gold discovery. The company has now set itself up to come alive and it started today
On the basis of a 10:1 share consolidation, there is approximately 12,155,743 common shares issued and outstanding, with funding in place for this year’s drilling there are several well connected traders jumping on this one. Would prefer that no one spread the word too much about this one, I only have half my position so far and would like to get filled at .055 - .06 CDN over the next couple of days
I believe this has massive potential, as usual it is at least a 6 month hold or sell half at a double and keep the rest for years.