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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 petersburggrayon Dec 23, 2021 4:11pm
132 Views
Post# 34259219

RE:RE:RE:NSR paid out so far… $3,366,327

RE:RE:RE:NSR paid out so far… $3,366,327Imo $3.4mm skimmed from ABI on NSR over last decade is probably about 2,700 ounces of gold at $1,300 oz. gold. You cant buy physical gold at spot so this skimmed gold, is worth over $5.4mm USD in todays inflated dollars. What is important for shareholders to consider is what investments in the ABI business could have been made if that skimmed gold had been instead put to work in ABI mines vs. lining the hinse pocket. In past years Sleeping Giant needed $4mm to bring mine to production, which then grew to $5mm as fiat lost its value due to inflation of money supply. So if the hinse hadnt skimmed gold off top of Elder mine prodution into his own pocket, then ABI would have had the cash flow from Elder gold production to fund the ramp or Sleeping Giant (or potentially Barvue) years ago without incurring any bank debt, debt which company now has on books. Imo the facts demonstrate that the hinse is a vampire, sucking the blood out of ABI so that the company is so financially weakened as a reult of hinse bloodsucking that no forward progress in developing the business is possible but imo the bloodsucking vampire hinse leaves ABI strong enough to provide him with another feast tomorrow.
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