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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 04, 2012 9:31pm
264 Views
Post# 19491232

No DCY on ANY Radar, No NI 43-101...

No DCY on ANY Radar, No NI 43-101...

Nothing has changed ? since my last post on Jan. 28th, 2012 on this AME bb, regarding these 2 Key Statements, absolutely nothing at all ...

 

 

 " They - dcy / galaxy  do not have  a National Instrument 43-101 resource defined "  This is bad news .

 

 

Therefore, in my honest opinion, the Big guns at KGHM backed AME & that of NGD would not be interested in a take-over target ( or other serious investors ) of a neighboring mine that  has not  produced or supplied a National Instrument 43-101 compliant ( proven ) resource .

 

 

and ...

 

 

Neither AME or NGD are including your dcy - galaxy mine along for their ride  ( you may have noticed )

 

 

( nothing publically stated or indicated, anywhere ? )

 

 

--------------------------------------------------------------------------------------------------------------------------------------------

 

 

Without a National Instrument 43-101 compliant PROVEN resource, it is not likely that AME or NGD is going to put one centavo, towards a nearby mine, just because of it's proximatey to a proven resource.

 

 

This could very well, be the dead ( no precious metals mineralization ground ) that lies between the PROVEN resource that both AME & NGD are holding.

 

 

Believe this GoldBuyer, if this DCY had anything ? of any value? then for eg : the billionaire mining giant KGHM would of ate them for lunch, before partnering up with the National Instrument 43-101 compliant and PROVEN resource that AME holds. This did not or has not, happened for DCY .

 

 

The established NGD, Afton, would of done likewise long ago. This did not happen.  IMHO, DCY remains as unproven soil , at this point and time. This would be on no professional and established mines take-over list. NADA. I sincerely doubt it , and here's why ? Such an action, would reduce AME's & NGD's stock holder value considerably when the markets would re-act to the purchase of  " An Unproven Resource " .

 

 

AME or NGD, imho - aren't in the business of shareholder depreciation, for any reason .

 

 

Spray some NI 43-101compliant resource ( proven ) attractant , all over this DCY if you want to get it noticed . That's the bottom line IMHO . Otherwise, everything else is just pure speculation .

 

I believe that the professionals at AME & NGD aren't in the " pure speculation " investing method .

 

 

Neither is this GoldBuyer . Nada .

 

 

 

Best Regards : GoldBuyer

 

 

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