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 Feb 21, 2012 5:18pm

314 Views

Post# 19563442

RE: ame

Life is good mario on AME, imho, as well . I have stated previously, this is " a minimum " 8 bagger if even ? at 20% retained for AME direct, in a " long " position at say $10.00 ( easily attained for a 23 year mine life ) then 20% retained is $2.00 ( and that equates at 8 x 25 cents each = 2.00 direct ownership ) then what we have in this AME is an 8 bagger minimum .

And I would like to point out, that these figures are extremely conservative minimums, as again imho, we are know aware of variable things that are currently still in play, behind the scenes re: KGHM / Ajax presently .

The financial postering for positioning could ? hold out, some equally maximum upside over the above given scenario. My positioning with AME, is likewise when 25 cents and under, for obvious & stated reasons .

Good Post ...

Best Regards : GoldBuyer

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