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.

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Abacus Mining and Exploration Corp

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Comment by bullsnipon Mar 28, 2012 10:39pm

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Post# 19731457

RE: RE: for argument sake

Not a far fetched argument at all, Goldbuyer. You point out that NGD has implemented a shareholders rights plan that would give them time to consider any unsoicited take-over bid. NGD has the huge Blackwater project, and the even larger El-Morrow project in Chile that add a lot of value to their holdings, so any buy-out would not come cheaply. KGHM has deep pockets and if they want it (NGD) bad enough anything is possible.

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