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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 Tomkinson Feb 28, 2011 10:24am
283 Views
Post# 18204434

RE: RE: A bit of frustration here....

RE: RE: A bit of frustration here....I am not doubting the upside potential here. I also admit to the fact that the company is under valued relating to the resources. The market has valued the shares at their present value. So if the resource value is there then the market has doubts in Mr. Hind's ability to carry this company forward. I believe that there is a possibility that if someone  else was brought in to take over from Mr. Hind that there would be an appreciation in the share price. I do not believe the gold mine will be up and running next year and maybe his hopes are that someone will one day offer a buy out.
Bullboard Posts