| | Mon Dec 1, 1997
Report Sept-Dec 1997: Amarc Resources Ltd - 1998 Bottom-Fish 100
Publisher: Kaiser Research Online
Author: Copyright 1997 John A Kaiser
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| | Amarc Resources Ltd (AHR-V)
www.hdgold.com/about amarc.html
Tel: (604) 684-6365
Fax: (604) 684-8092
Issued: 9,600,000
Diluted: 11,000,000
Working Capital: $4,900,000
In Brief
Cash-rich, well-structured Hunter-Dickinson shell for the next market cycle or if a hot project comes along.
Bottom-Fish Range: $0.50-$0.75
Cash-rich Hunter-Dickinson vehicle that has undergone several financing tiers without a distribution cycle; insiders own 4 million, Robertson Stephens funds own 1.2 million; grassroots hunt for VMS style deposits on Amatepec concession in Mexico while management hunts for major advanced project with bulk tonnage potential; group pre-occupied with the last cycle's deals: Farallon, Taseko, Misty Mountain, which haven't hit bottom yet; until they do or the next junior market cycle arrives, Amarc will remain a low priority; excellent bottom-fish for long term accumulation with 500% gain potential.
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