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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

Post by goldbuyeron Feb 01, 2012 1:45pm
375 Views
Post# 19475047

Re : AME, Charity ? Gave Most Away ?

Re : AME, Charity ? Gave Most Away ?

Respectfully, and in regards: Ame by a couple of posters here, seems to be viewed as a charity, and one poster claimed " gave it all away... or most of it " . AME is not even close to giving " it " all away or even close to what was stated  " most of it " ,  by any definition, so where does one get ? such intel .

 

These partners have just a  narrow 2% split    ( stated : gave it all away... or most of it ? is claimed ? ) 

 

And KGHM is bringing the Big $$$$$ backing for AME, for just a narrow 2% split and here's the Biggy ,

they are working together mutually and KGHM has stated publicly, they are well satified with AME, because

of their North American mining experience .

 

There's no worries from this investor, not at all .... and now, here's ( those verifiable )  facts below :

 

I would advise re-checking the math , or please do " post the proof  " , otherwise .

 

 

From the AME website :

Overview

 

The Ajax property comprises eight Crown grants including the historic Ajax East and West pits. The property is 100% owned by KGHM Ajax Mining Inc., a joint venture company owned 51% by KGHM Polska Miedz S.A. (KGHM) and 49% by Abacus Mining & Exploration Corp (Abacus). The Ajax project site is located at the southern extremity of the boundaries of the City of Kamloops and southeast along an existing haul road from the Afton mill, shop facilities, tailings area, and water rights which Abacus purchased in 2005 from Teck-Cominco.

 

 

Best Regards : GoldBuyer

 

 

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