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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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Post by goldbuyeron Apr 04, 2012 8:16pm
425 Views
Post# 19760763

Sharing Some Thoughts - KGHM / Ajax

Sharing Some Thoughts - KGHM / Ajax

Some common sense thoughts I'll share,  re: KGHM / Ajax

 

***  There will be some interesting positioning for creating shareholder value of the 20 % stake, which should be worth approx 80 M$ at the FS valuation .

 

***  Anyone who runs some due diligence on the valuation of the 20 % would treat metal prices and resource as upside, and the time line for production as downside .

 

***  Anyway, the market is always right, and one could conclude , the Ajax project will now join KGHM International's (ex-Quadra) asset group .

 

Anyone else, have any thoughts ? 

 

 

Best Regards As Always - GoldBuyer

 

 

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