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

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Post by Fivefive5on Mar 25, 2008 6:16pm

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Post# 14834983

New Gold vs. Abacus

This question has been asked and answered in the past, but what would be the main differences between New Gold and Abacus in terms of projects and assets? From my understanding, New Gold is to be an underground mine and Abacus to be surface mine. Is it the value of each 43101? I know our updated resouce is to be announced in the near future, but what would be a quick and general comparison i.e. gold equivalent of each. Just wondering why New Gold trades at about 8 times the value of Abacus.

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