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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 Jan 07, 2012 2:21pm
191 Views
Post# 19378886

RE: RE: RE: RE: REPLY: this is a takeout stock. fu

RE: RE: RE: RE: REPLY: this is a takeout stock. fu

Here's some Food for Thought :

 

You stated :

 

1. KGHM does not have a $37B mktcap. its more like $8B. you forgot to convert from polish to US

Answer : The Goldbuyer, never forgets conversions, that's the KGHM article posted, in it's own currency .

 

2. I dont think KGHM takes the discovery propoerty becasue the 60kt mill will already be at full capacity at afton ajax for 23 years. by the time they start putting the ore from the discovery property through its so long dated that the NAV would be tiny. the only way it makes sense is if the move up to a 70k ton mill, which would mean youd need to do a full feas on the discovery prpoerty prior to developing the ajax mill which doesnt make sense.

 

Answer : The Goldbuyer has never posted anything related to this DCY property, and I am certainly not interested in this DCY, although, each to their own, to be fair.

 

 

3. NewGold is near production, its a shorter life project so maybe they do add it on at the end, but i dont think they pay much for it since its also going to be 10 years out before they start feeding the ore through the mill as well.

but hey thats just my opinion. and to be honest i dont know much about DYC, only the other 3, best of luck.

 

Answer : This Goldbuyer respects your opinion, and as mentioned, I am not interested, at all, in this DCY, that you are also, apparently,  not interested in .

 

Successful Investing To You :

 

Best Regards - GoldBuyer

 

 

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