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Tuesday, January 25, 2022

The Fascinating Story of Gold Producter Asia Broadband Inc. (OTCMKTS: AABB)

Asia Broadband Inc. (OTCMKTS: AABB) is skyrocketing up the charts on a massive surge of volume as the Company continues to announce stellar results. Investors now await assay results of the Company’s $4 million Phase II Exploration and Development Program which will be published Tuesday, September 1st, as the Company continues accelerating its mining operations expansion.

AABB is on target to achieve it highest production quarter by the end of September.  The Company is also anticipating gold production to triple in 2020 from its 2019 benchmark due to higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities installed earlier this year.  Furthermore, the recent economic conditions have created strong and unprecedented fundamentals for gold producer equities and increased demand from the investment community.  The economic instability, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase and increased profit margins.

Asia Broadband Inc. (OTCMKTS: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets, through the Company’s wholly-owned subsidiary Asia Metals Inc. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.

Earlier this year Asia Broadband announced its wholly owned subsidiary Asia Metals Inc., is expecting its highest gold production quarter to date for the upcoming period ending June 30th, as gold prices surpass their highest level since October 2012.  The Company’s gold production more than doubled in the first quarter of 2020, in comparison to the fourth quarter of 2019, due to the higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities that began the operational phase-in process early this year.  For the entire second quarter of 2020, the Company’s operations utilized and benefited from the production and efficiency increases established in the first quarter. Based on the preliminary results being finalized for the 2nd quarter of 2020, AABB is updating its annual gross profit budget and is projecting it to exceed $12 million in 2020.

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AABB

On August 27 AABB announced the fifth and final phase of assay results of the Company’s $4 million Phase II Exploration and Development Program will be published Tuesday, September 1st, as the Company continues accelerating its mining operations expansion.  AABB is on target to achieve it highest production quarter by the end of September.  The Company is also anticipating gold production to triple in 2020 from its 2019 benchmark due to higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities installed earlier this year.  Furthermore, the recent economic conditions have created strong and unprecedented fundamentals for gold producer equities and increased demand from the investment community.  The economic instability, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase and increased profit margins.

AABB’s drilling campaign began in the third quarter of 2019 and was budgeted for 20,000 (m) targeting areas in extended proximity to the Company’s mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures.  The Company’s management and technical team have been thrilled with the successful drill results of the Phase II Program in all four phases of assay results published in October and December 2019 and February and May 2020. The highlights of the Phase II drill results have revealed high grade gold mineralization in multiple holes in each phase published attesting to the mine’s historical production to date. Some of the most significant gold value intersections from previous drill phase results are 4.1 meters (m) graded at 13.2 grams per ton (g/t), 4.9 meters (m) graded at 12.6 grams per ton (g/t), 5.2 meters (m) graded at 11.6 grams per ton (g/t).

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Currently running up the charts AABB is an excirting story developing in small caps; the Company is on target to achieve it highest production quarter by the end of September.  The Company is also anticipating gold production to triple in 2020 from its 2019 benchmark due to higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities installed earlier this year.  Furthermore, the recent economic conditions have created strong and unprecedented fundamentals for gold producer equities and increased demand from the investment community.  The economic instability, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase and increased profit margins. AABB is updating its annual gross profit budget and is projecting it to exceed $12 million in 2020. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

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Disclosure: we hold no position in AABB either long or short and we have not been compensated for this article.

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