Abitibi Royalties Inc V.RZZ

We should be trading at 4 times current market cap

[k613]

"Based on the above economic analysis, and subject to the assumptions made by Micon, the aggregate net present value of Abitibi Royalties' share of the cash flow from the CHL property is estimated by Micon to be $18.9 million - which is approximately four times greater than our current market capitalization", said Glenn Mullan, President and CEO. "In addition, the Gouldie Zone (in which Abitibi Royalties has a 2% net smelter royalty)is expected to provide cash flow to the Company starting in November of this year based on Osisko's operating budget", said Mr. Mullan.