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. > re 1.5 million cash

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Comment by JTDOUBLEon Dec 20, 2021 2:15pm

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Post# 34247711

RE:re 1.5 million cash

Like you said 25 millions in sales for 5 years ..

break it down with have presently 1.5 millions in cash plus this includes a drawdown a million in line of credits..so actually 500k with out the drawdown in LC..

Inventory of 2 plus millions of gold..

It will PP here again or add more draw down in Line of credits ..

Mining is just expensive especially the inflations in labour cost presently..

Sale of inventory would be the preferred choice..

NSR average about 600k annually ..

Given the future payments do your math here, where cash stands.

196 ounces SG, I went in this play for SG commerciallizations 2 years ago dissapointed after 2 years SG got this much productuions like panning gold in one of the river results..

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