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

Bullboard Posts

Post by goldbuyeron Apr 02, 2012 6:49pm

297 Views

Post# 19750207

AME is an 8 bagger at 20% owned ....

Here's a copy and paste from my AME Feb. 2nd post regarding the 20% stake remaining scenario, which has now become a reality as of todays news - with KGHM.

Nothing has changed in my opinion since, and especially so, as the math will verify my statements given in the example below :

Here is that post, for anyone that is newer to this AME bb .

Here's the math, for those that haven't got there yet ? as follows :

" here's the math, it's an 8 bagger here ( in the minimum ) based on 20% AME shareholder value - verses an under 25 cent entry level position. How so ? "

How - an 8 bagger ? this is not any complex math, in that - as follows :

if say 25 cents - 4 for a dollar and this AME opens up and produces, within the timeframe they have stated,

then, it's not hard to imagine ( after into production ) Ame with a 23 year mine life, will go on to become a 10 dollar range ( and definately plus that - as time goes on ) stock . Your 20% of $10.00, is $2.00 .

eg : just look at the neighbor NGD or Tech Cominco's open pit mine ( in Logan Lake ) price range for shares. I first positioned with NGD, for instance, at 1.74 .

Now take this $2.00 example, and divided by an under 25 cents entry level, ( which was todays earlier pricing range ) given above, then AME is an easy 8 bagger return, on any amount you invested. Ame in any scenario ? in math, is most definately not a charity case or any loser operation, by any definition.

( unless a minimum 8 bagger is considered a charity case ? ... lol ... )

I can't believe AME bb, has some newer post's, commenting downside, without ? backing up their facts .

Unsubstantiated opinions ( not proven ) are just that, imo . Empty statements .

This GoldBuyer has a wide variety of sectors like ree's , oil, diamond mines and gold in his portfolio .

I hold AME, and NGD local to Kamloops and I consider AME to be an upcoming and rising all - star in my honest opinion. I have positioned with AME more than once, and also, in at higher than 25 cents. I have no problem waiting for the results of my investment with AME.

They are very well backed by KGHM and there certainly will be a whole lot of that National Instrument 43-101 compliant product, to be open pit mined .

( Imho. no need to get nervous with this AME, unless you choose to, it is .... your money )

" GoldBuyer "

Bullboard Posts

Cross border trading in Canada and Australia