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 Jan 07, 2012 1:52am

240 Views

Post# 19378347

REPLY: this is a takeout stock. full stop

# 2 easily answered and " dd " will verify it hyperlite , my " dd " did .

Here's a copy of a former AME Post, I posted on Nov. 24th, which gives you the answer to # 2 ?

You stated :

2. KGHM is fairly large, if they believe in the project why would they want to share it with anyone?

Here's the verifiable ( and " dd " will prove it out ) answer , to your question .

( the answer to your # 2 notation, is highlighted in Bold )

( My Nov. 24th, post is copied and pasted below )

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While we wait ... Excerpts to remember ... On record ...

KGHM has $500 million in cash on their balance sheet, no debt and $1 billion

a year in profit .

Europe’s second largest copper producer KGHM Polska Miedz has agreed to
fund up to 80% of Abacus Mining’s (ame-v) Afton-Ajax copper project near Kamloops,
B.C., which could be the first of many new projects outside of Poland.

KGHM and Abacus are considering investing in other projects together beyond

Afton-Ajax .

* KGHM says Abacus is a logical partner because of its complimentary skills to KGHM’s
large-scale, long-term underground operations. " They have a very good track record
of exploration expertise and development of mining projects, they have operational
experience in both North and South America and these are the regions KGHM are looking at " .

At the Ajax / Abacus mine, a scoping study completed last year looked at building a 60,000 tonne-per-day
operation that would produce 110 million lbs. of copper (about 50,000 tonnes) and 100,000 oz. gold per
year over 23 years.

Pending the invited federal review, in process, ( and approval ) the Kamloops local economy has been
directly promised ( initially ) 350 - 400 high paying mining positions, to be required .

The money ( KGHM ) , the expertise ( Abacus ) and the federal review, are all " in play " .

The Recipients = The Kamloopsians, Polish KGHM, Ajax / Abacus, and of course, we investor's .

Otherwise put = Win / Win / Win / Win .... IMHO . Kamloops is getting a mine .

" GoldBuyer "

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