Robin Andrew

78 days ago

Amaroq new video as cracking new Black Angel grades released: My No 1 holding shines

Today Amaroq (AMRQ) has released new exploration grades from Black Angel, its recently acquired lead/zinc/silver deposit in Greenland. The core grades are impressive but as a bonus there are now indications of critical minerals which will only add to the maths of the project. A polished video which you can see below has also been released. Critically, Amaroq now says explicitly that 100% owned Black Angel will be its second mine, the next to be developed.

230 days ago

Amaroq and a bit of Black Angel Leni-Maths

At 86.5p post placing Amaroq (AMRQ) is valued at c £400 million. I think that its Nalunaq gold mine which will be onstream, within months , and its existing gold exploration sites and base metals operations justify a market cap of at least £700 million, 151p. But what of the Black Angel mine bought today for £10 million. It was once the flagship asset of Angel Mining which went bust but before that Boliden mined it very profitably for 17 years. So what is it worth?