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Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s):  ABCFF

Abacus Mining & Exploration Corporation is a Canada-based mineral exploration and mine development company focused on copper and gold in British Columbia (B.C.) and Nevada. The Company’s main asset is a 20% ownership interest, together with KGHM Polska Miedz S.A. (80%), in the proposed copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal environmental assessment process. The Ajax Project comprises eight Crown grants, including the Ajax East and West pits. The Company is also engaged in the process of acquiring a 100% interest in the Willow copper-gold property located near Yerington, Nevada, and it also controls the contiguous Nev-Lorraine claims subject to a ten-year lease agreement. The Willow property is located approximately 65 kilometers southeast of Reno and approximately 13-kilometer due west of Yerington, Nevada, in the Buckskin Mountain Range. Its porphyry copper deposits are Yerington, Ann Mason, Bear and MacArthur.


TSXV:AME - Post by User

Comment by bikerackon Jan 15, 2010 12:05pm
253 Views
Post# 16683697

RE: RE: RE: chart

RE: RE: RE: chart

Another excellent post Piker....you express your contempt so politely...almost surgically.

Rather tragically, as you well point out, despite their potential they invariably appear to deal from a position of weakness when it comes to raising money. Rather intriguing to observe so many other absolute pigs raise money in significant sums ....there appears to be a weak link or lack of proper connections here somewhere.

Your point's well made...they need....should I shout NEED....a competent strategic partner. The compelling issue becomes 'when' and at what 'price' does one show up. It's a cruel world....are any potential suitors just waiting for them to expend all their resources and dilute the stock into oblivion before they come forward with a relatively cheap offer?

I sure hope your abiding patience is rewarded!
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