Asia Broadband (OTCMKTS: AABB) is coiled tight here sitting right at $0.10 support levels, a level it has tested and held numerous times over the past year. While AABB has never dropped far below a dime the stock has made a number of big moves to the upside over the past year including a run in December 2021 to highs of $0.3336 per share. Prior to that it skyrocketed out of the sub pennies to highs of $0.659 per share. With ready liquidity and a significant international shareholder base AABB could move quickly on any new catalyst. We have previously reported on Asia broadband many times before and as we have said, what sets this Company apart from the rest (on this exchange) is their $82 million sale in the Guerrero Gold Belt (GGB), Mexico which means this Company is very well funded with a significant war chest available to them to start any business they want.
The Company has been making moves in the booming crypto space with the AABB Wallet and the AABB Cryptocurrency Exchange. They are also looking to get in to the fledgling NFT space. Most recently Asia broadband began production on its mining property in the Tequila region of Mexico. The processing mill on site is currently operating at 50 tons per day (tpd) maximum capacity and a retrofit upgrade program is underway to increase production capacity to 100 tpd. Additionally, the Company is planning a large-scale expansion of its production and processing facilities to begin installation sometime this year. Utilizing the advances in mining equipment automation and efficiency, the larger scale facilities will have significantly increased throughput and metals extraction. This is right in line with the Company’s new mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.