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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 throwinupon Dec 08, 2017 1:18pm
148 Views
Post# 27118932

RE:RE:RE:AME Correction in price?

RE:RE:RE:AME Correction in price?
I'll certainly defer to your right to believe whatever you choose.

A 'minor setback' you say...the stock is off almost 40% from its 1.25 high in just 8 trading days....you and I have different views of the word 'minor'.

The decline in copper futures should not have triggered a slide of that magnitude.

Most compelling is the lack of volume....smart money and clever 'house traders' are quick to react to real 'opportunity' and price aberrations when they rear their head....this is like a deer in the headlights at the moment..and if no one steps in with a little bargain hunting by days end I'd suggest you have bigger issues !!


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