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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Comment by Georgeboy11on Jan 06, 2012 7:53pm

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Post# 19377922

RE: RE: this is a takeout stock. full stop

Hyperlite, you make some very valid points there. KGHM takes out v.AME and a quarter later, take out v. DCY as well! Why not?

DCY's price appreciation today is a reflection of what the guys @ Cannacord are thinking: load up and when the timing is right either KGHM (re: AME) or New Gold will take us out.

Here's another thought....would KGHM look at teaming up with New Gold to run both mines: Afton and Ajax??

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