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Abcourt Mines Inc. V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold producer and exploration company with strategically located properties in northwestern Quebec, Canada. Its projects include The Sleeping Giant Mine, Discovery Properties, Flordin Property, The Elder Mine and The Tagami Property, Abcourt-Barvue Project, Vendome Property, Aldermac Property, Jonpol Property and Other Properties. The Sleeping Giant Mine property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Discovery project has 166 claims with a total area of 4,166 hectares. The property is located about 30 km to the north-west of Lebel-sur-Quevillon, Quebec. The Flordin property is located approximately 25 km to the north of Lebel-sur-Quevillon, Quebec. It consists of 25 cells covering 976 hectares.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Raffi14on Feb 02, 2012 3:34pm
258 Views
Post# 19481877

RE: RE: Gold and Silver Prices

RE: RE: Gold and Silver Prices

That's a very interesting question. First, let's look at the history of ABI. Back in 2006, the stock hit $1.40/share. Back then, the fundamentals were not nearly as robust as they will be now. We have vastly higher prices in Gold and Silver as well as a significantly higher resource base from which to mine. Having said that, I will be conservative (for now) and say that fair market value 12-18 months down the road should be between $1-$2/share. However, once efficiencies are reached and production is maximized, there is no reason why that number can't be north of $2/share. Don't forget, there is a worldwide shortage of Silver which will drive the price up significantly.

Let's put it this way, based on a recent stock analysis done (by a reputable firm), they give a fair market value (right now) of 60 cents/share just based on the resource and resource potential, and that is not taking into account today's commodity prices. Therefore, it is hard to give a specific number, but I believe that a target of $1-$2/share in 12-18 months' time is very fair (if not modest).

https://video.forbes.com/fvn/streettalk/a-silver-story

^ In case you missed it, have a look at this video. When you put it all together, you have a winning investment formula here.

Hope this helps.

Cheers.

Bullboard Posts