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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

Post by fbedard29on Nov 29, 2022 1:02am
399 Views
Post# 35135743

Personnal feeling about Abcourt future.

Personnal feeling about Abcourt future.Hi I have met with a few Abcourt shareholders today and a clarification is due.
I was never a personnal friend  of Mr Hinse.but i have always believed in what he was trying to accomplish.
Now we have to look at new management and new ways to advance Abcourt by using new technologies.

My understanding is that we need +-  $20m to get Sleeping Giant in operation and there is not many ways to acquire the $20m.
Most of it will come from dilution but i hope the dilution will come after Abcourt share value has increased ,
but very pessimist that it could happen.

Time will tell if the new financing will be at 0.05c or 0.10c
 Any oppinions is welcommed.
Fernand
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