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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.


TSXV:ABI - Post by User

Bullboard Posts
Comment by Tomkinson Nov 26, 2012 3:14pm
213 Views
Post# 20645211

RE: Questioning?

RE: Questioning?

All I can say, from what he has done in the past. I believe that there will be another notice of more drilling to build on the the reserves. People will be led to believe the mine will open in 12 months, but there could very be another delay after that. I believe that this may be Mr. Hinse's pention fund. He will issue more shares to continue drilling and to take his salary for another year. When that runs dry, he may come out with another delay and issue more shares to be used for drilling and administration and of course another year's salary.

It cannot go on for ever as I beleive he has over 60 years exprience in the mining industry, so what could that make of his age. I think it was 2 years ago I had guessed his age to be 78.

 

 

Bullboard Posts