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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 Apr 23, 2012 2:06pm
306 Views
Post# 19825097

RE: Why Dundee is mostly a buyer?

RE: Why Dundee is mostly a buyer?

If that is so ? I haven't checked the other buyers today, or recently, then I would say that Dundee has a great deal of faith on ( myself, as well ) on where the KGHM / Ajax story is going next, in the dollar value dept.

 

When this paradine shift of management is over to the KGHM side of things ( for Abacus management ) and I believe this is probably, still in that process, elimination of duplicate positions possibly ? forming of new positions and titles for the management of KGHM / Ajax - Abacus Mine etc. will be required, eg: contracting a management HR firm to outsource the handling and placement of the many new 400 + jobs initially , will be required, and the list ..... goes on and on, Imho .

 

Anyone else with a business accumen in their background, would reasonably expect that these things are in process and are taking place.  Dundee would certainly have that, and I am certainly no stranger to business and / or the stock markets, myself .

 

 

Good Luck to All

 

 

" GoldBuyer "

 

 

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