Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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

Abcourt Mines Inc

Bullboard Posts

Post by seriousinveston Jun 04, 2006 3:10pm

350 Views

Post# 10943900

I need some help

I'm big on Zinc plays and someone on anothr board I follow mentione ABI. I did a little research and this seems too good to be true. I've generally found if it appears too good then you are missing something. Each share of stock as I understand it represents something like $30 of metals in the ground. if that is the case, how can this only be trading for $1. Irealize value in the ground in much less than realized profits and that to open the mine there will probaably be some dilution but how can something worth $30 be trading for only 3% of that value. Please educate me.

Bullboard Posts

3 Mid-Sized Stocks to Consider This Season