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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant 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 approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Alchemist7on Apr 22, 2006 1:02pm
222 Views
Post# 10721996

RE: Silver and zinc - bienci

RE: Silver and zinc - bienciDidn't understand your $16.8/lb zinc "max it could go" but 12 pennies would be a closer example considering just the zinc content of a U.S. Penny ( 1 cent U.S.) 12 U.S. pennies = 1.04 oz of ZN content . For a pound weight use 16x . So, 192 penneys = 1.04 pounds of ZN (Roughly $1.92 per pound of Zinc) Anything over the $1.92/pound of zinc price is gravy if the pennies, themselves are used as the zinc supply! Don't think this is not a concern to the U.S. mint --- just read an article from the New York Times that stated "This week the cost of the metals in a penny rose above eight-tenths of a cent, more than twice the value of last fall." "The government spends an additional six-tenths of a cent ... to make each penny" So at this time, it costs the U.S. Govt 1.4 cents to make one penny with a face value of 1 cent. The NYT article went on to say "... could go back to making steel pennies, as it did during World War II, .." Just some fun calculations. Nice recovery in Abcourt. Hope everyone got their orders filled. Alchemist7
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