Abcourt Mines Inc. V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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.

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Abcourt Mines Inc.

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Post by shermandrockon May 11, 2014 12:51pm

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Post# 22548737

One more thing: Renaud now owns 16.7M shares

Company valued at $13M.

NPV @ 10% discount rate (giving effect to $1,436 used in PEA and $1,300 current price) is $65.5M.

Theoretical value per share = ($65.5 / $13) X $0.06 = $0.30.

This is of course for Elder only and w/o regard for any additional discoveries there and or conversion from resources to reserves.

Just my $0.06.

Bought of Friday.

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