To: LoneClone who wrote (141372 ) 4/23/2020 6:10:22 PM From: LoneClone Read Replies (1) | Respond to Asia Metals Expands Gold Production As Bank of America Upgrades Gold Forecast to $3,000 An Ounce ca.finance.yahoo.com GlobeNewswire April 23, 2020AABB ), through its wholly owned subsidiary Asia Metals Inc., announced today that the recent Bank of America gold forecast upgrade to $3,000 an ounce affirms the Company’s focus on mining production and facilities expansion in 2020. The recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase, which is expected to be heightened by the contraction of the general markets. Additionally, the recent collapse of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. AABB is anticipating a two to three fold increase in gold production levels in 2020 from its increased operational capacity.https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold AABB ), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. 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.
