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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

Comment by fbedard29on Dec 13, 2021 4:20pm
142 Views
Post# 34226524

RE:RE:Posters concerns and support to ABI.

RE:RE:Posters concerns and support to ABI. hi  Bazbuz .
You don't seem to comprehend what is a NSR .
The NSR is a % of the future production that has been given (or negotiated in the past by the selling co or the funding provided by an outsider.).
The NSR of 2% was negociated and registered by previous transactions before Abcourt was the owner or could have been given to an outsider by Abcourt in exchange for funding.
This happens all the time .
Co like EMX Royalty, Oregen Royalty , Franco Nevada , Wheaton Precious Metal , Osisko  Gold Royalties and many other co's get a % royalties in exchange for fundings.

These NSR are registered for life against future production of the mine.

Yes Mr Hinse could be a good samaritan and give back the royalty to Abcourt or sell it back for a certain amount of $.
Why would a sane person give back what he has paid for just to please a shareholder like you.
You are working for your pocket and so is everybody else.
Yes Mr Hinse could evaluate what the future of Elder could bring him( maybe 500 oz a year for 20 years at a price of $2000k would be worth $20m )  and sell to Abcourt for a small discount but then every body would say he is exagerating the value  and trying to profit from his position as a major shareholder.
All mining have an NSR that they would like to buy back at a discount.
Abcourt has many NSR registered on different mine sites.
Elder                  2% 
Vendome           2%
Tagami               1-2%
Jopol                  2.5%
Aldermac West   2%
Cameron Shear 2%
Laflamme           2%

I do not want to spend a week looking into Barvue, Flordin ,Discovery  to see if they also have an  NSR registered against.
I know that  Sleeping Giant has only $5 per tonne for 350000 tonnes. = $1,750,000 
Elder has already  payed close to the total that SG will pay .

You all have the option to enquire who all those NSR  are registered with and if you can enquire and see what the purchasing price of those NSR could be. Maybe we could all get together and acquire them before Mr Hinse does or   
Let Mr Hinse know that all the future earning should be directed to acquire all NSR before getting Barvue in production.
 Now please let all of us know what is your prefered choice is. 
Ok now i will stop posting for a while and let all that info be absorbed and digested.
Waiting for all your responses and remember that all our posts are a waste of time.
Fernand
    
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