Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s): ABCFF

Metals & Mining Industrial Metals & Minerals

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.

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Abacus Mining and Exploration Corp

Bullboard Posts

Comment by sesses3on Apr 02, 2012 11:38am

182 Views

Post# 19747808

RE: RE: I have limited experience in HALTS

To be honest, I doubt Abacus will ever trade that high. Best case
.40, though I doubt it'll make it much higher than
.30. The recent run-up means today's announcement was more or less already priced in to the stock, and in any case, there's a ton of warrants at
.30 that'll cap any move upwards.

Trading today and the coming days might be volatile as short-term speculators exit the stock along with disappointed investors (not really sure why, given this was always the likely outcome).

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