15:31:44 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Atac Resources Ltd
Symbol ATC
Shares Issued 122,822,077
Close 2016-12-30 C$ 0.41
Market Cap C$ 50,357,052
Recent Sedar Documents

Lundin says hold Atac Resources

2016-12-30 21:20 ET - In the News

Brien Lundin, in the December, 2016/January, 2017, edition of the Gold Newsletter, says hold Atac Resources Ltd., recently 33 cents. He previously said buy three times from August, 2013, to November, 2014, at prices ranging from 46 cents to $1.23. He then said sell in August, 2015, at 40 cents. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position at 40 cents yielded a loss of $1,535. Mr. Lundin said buy back into the stock in August, 2016, at 92 cents. A $1,000 investment then is now worth $358. Atac has been conducting metallurgical testwork at its Rackla project in the Yukon. Eighteen samples from the Orion zone, one of nine gold targets within the Anubis cluster, yielded gold recoveries of 85 per cent. Another seven Orion samples, which were more strongly oxidized, yielded recoveries of 89 per cent. Mr. Lundin takes the results as a good indication of the regional-scale gold potential that exists in the Anubis cluster. Although the last few drill holes at Orion have been disappointing, there is no shortage of future drill targets, and Atac remains a "great speculation on Carlin-style gold mineralization in Canada's Far North," concludes Mr. Lundin. The stock is a hold at current levels.

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