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.

TSXV:AME - Post by User

Abacus Mining and Exploration Corp

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Comment by goldbuyeron Oct 23, 2011 12:51am

273 Views

Post# 19173515

RE: I am surprised

In your post, comments, AME would appear to be the very market definition of " riding on the fence " .

Agreed, Ame is well balanced and is holding it's own, ( KGHM backed - 500 million in signed contracts ) but
" Which way will it fall " ? to the Good side ? or to the Bad side ?

This is one of those stock plays that when it does, finally move ? it will be fast and hard, either way .

It will be a major " Bang for your buck " or " a major , Crash and burn " .

That's why they call this investing, and I of course, after much " dd " choose to stock up, on plenty more,
AME, at what I consider to be .... off the radar, entry prices. However, each to their own .

I accept risk, and this AME / KGHM backed play, with BC's premier Christy Clark wanting those jobs being
offered to stay within the BC coffers, has way to much upside potential / momentum, to just, slide ?

Good point though, Canne .

I have stated this before, but imho, as long as KGHM is involved, I see no problems with resolving
any concerns, regarding the politics . KGHM are regarded as good corporate citizens, worldwide,
and they have the adequate financial resources, to go through any hurdles, local, provincial or
federal . Not only .... but they are the 6th largest mining operation in the world, and KGHM made a
public announcement, that they ( KGHM ) would like to be in the number 1, position, worldwide .

They ( KGHM ) are in Kamloops, B.C. with their money, and they have also announced, publicly, they want
what's in the ground at Ajax . So, accordingly ....I am betting on a win, that when ? all this postering for the
perceived brownie points, is over ..... Kamloops, B.C. is getting another BIG mining operation , and for it's
investors , I believe a major , : ) will appear .

" GoldBuyer "

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