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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 Mar 03, 2012 1:56pm
215 Views
Post# 19622398

RE: RE: RE: Canadian Website on AME NR's ...

RE: RE: RE: Canadian Website on AME NR's ...

Regarding your aneqdote posted Adit123, and Re: here's a copy and paste reference from my Feb. 7th, post on AME ,

 

Getting back : Jim Whittaker - Project Manager and James Excell - CEO and President had answered my questions excellently and I did speak with each of them, seperately. So, as per my visit and attendance, I came away with seeing that this was a professional lay - out with many stands stating the facts, and chosen professionals attending to answer any and all the questions. eg : Scientific and / or from any of the levels of mining executive, professionals, that were in attendance.

 

 

Ajax / KGHM has, in fact, IMO,  put on quite a professional presentation, and I left afterwards, well satisfied as an investor in the Ajax / KGHM - AME project .

 

One of the questions I asked James Excell was regarding the KGHM backs out scenario, and his quick response to me was, " there would be no problem, with their proven resource in quickly attracting other qualified and interested parties for investment " .

 

Fair enough response and I happen to agree . Eg: Tech Cominco has a huge cash capital for investment and currently employs many from the Kamloops sector in Canada's largest copper mine in nearby Logan Lake .

 

As for me, if that scenario became reality ? for any reason, and the SP lowered in between other outside backers becoming apparent ? I would be on a major buying spree and building up my positioning further, without any hesitation, Why ? because primarily and cheifly, AME has a National Instrument compliant proven resource, and that's the bottom line, for my investment dollar. This is a must category in any scenario in which I then invest with confidence .

 

Good notation adit123 regarding .

 

 

Best Regards : GoldBuyer

 

 

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