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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Post by goldbuyeron Apr 26, 2012 11:48am

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Post# 19839053

TD's Zacks Pro's Advice Today ....

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A Day Without Europe Thursday, April 26, 2012 7:48 am

The Europeans were kind enough to stay out of the headlines on Wednesday. This allowed investors to concentrate on the attractive investment story in the US as corporate earnings are WELL above expectations. In fact, a group of us got together and collectively gave this earnings season an "A-" rating. Other investors are clearly taking notice of the same thing as shares soared markedly higher.

So our troubles are in the past? Not so fast.

Spanish and Italian debt are still too close to the ominous 6% level. The Dutch government is turned upside down over debt/austerity issues. And the French government might be next with key elections late next week.

You see, the market hates uncertainty. And until this problem is more neatly tucked away it will be hard for the US market to break out above the highs of 1420 on the S&P. The best case scenario for now is sideways. The worst case is obviously lower. But each stock will be measured on the merit of their earnings reports. So hold on to your stocks with the best earnings estimate revisions and stay away from those with suspect futures.

Best,

Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research

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