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Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s):  ABCFF

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

Comment by goldbuyeron Nov 12, 2011 2:28am
369 Views
Post# 19231889

RE: RE: RE: AME/Ajax Front Page, Kamloops Dail

RE: RE: RE: AME/Ajax Front Page, Kamloops DailComparing apples to oranges IMO, in eg: Taseko / Prosperity and Ajax / Ame .

Taseko / Prosperity failed Bigtime to gain approval with First nations . Their original proposal involved
draining " fish lake " . I believe they have learned a very expensive lesson and are back at it, and
with a new proposal which does not involve draining " fish lake " and involves First nations approval .

Expensive lesson meaning, it will cost Taseko / Prosperity = 300 million dollars to revise the original
proposal . That said, Taseko / Prosperity could have taken the lead on how to do this procedure,
" correctly " , from the Ngd owned Afton Mine example proven,  in Kamloops, B.C.

Afton Mine opens, next year, with no problems . ( locally - provincially - federally or First Nations people )


NGD kept First nations involved and very happy, NGD made the Kamloopsians, very happy, and
also the B.C. province was made happy - happy . And Ngd set the proven example that Taseko
could ? have followed ... ( because Ngd set the proven standard ) and here it comes ..... the first
time through .

That was the  " apples " and has nothing at all, to do with " oranges "   ( the Ajax / Ame application )

In fact, KGHM has their front man, living in Kamloops, B.C. with an office in the downtown area .

And, KGHM is not running away anywhere, from the fact they must meet local, provincial and federal
regulations. This shows clear intent to this investor, ( again their not running away ) to do everything
correctly, imho, the first time through . Over expectancy of a given timeline to complete the process, is
of no concern, to me .... After all premier Christy Clark is trying to speed this process up, by making it
simpler, I believe .... and it's all a public fact, so feel free to do the  " dd " .

The express purpose of KGHM's front man in Kamloops, B.C. , his sole purpose, is to address any of
the local concerns, and I would imagine ? if necessary, the provincial or federal .

Kamloops wants the jobs that are offered, and with as little as an enviromental impact/footprint, as
possible ( who wouldn't ? ) and B.C. wants to keep the KGHM money in B.C. so, I believe that KGHM
will move time and space, itself, to supercede those federal requirements . KGHM has the money behind
them, and the desire to meet financially, any requirements, imo .

IMHO, as stated, and for my money invested, AME is currently, playing ball by the established rules in
all three levels of government, local, provincial, and federal . No complaints, yet, on my end .

This is indeed, comparing that of apples to oranges to compare that of Taseko / Prosperity and Ajax / Ame .

Taseko / Prosperity made expensive management error's, financially, in their original game plan.

Ajax / Ame is willing to make " all the players " satisfied, on all the levels of government intervention, and I'll
bet ( like the proven NGD role model ) the First Nations, as well .... and here it comes, the First Time
through .

IMHO, the circumstance's between these two mines, have nothing at all , to do with one another . Their
management teams are not on the same page, in the decision making department . Their different mine's
but do share this one similarity , the desire the same end game = win .

That's my bit / opinion ...for this week, re : Ame 
 

Have a good week-end !



" GoldBuyer "



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