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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
Post by MakingHayon Aug 18, 2013 9:46am
481 Views
Post# 21679198

Positive cash flow

Positive cash flowLooks like we'll have about 9 Million dollars worth of Gold by year end. That's one heck of a good start. Add to that, profit from other minerals from the milling proccess. Minus trucking fees, milling costs etc..
Income from " other " minerals should at least pay for a good chunk of the expense of milling and transportation. Bottom line is, ABI will have a very solid foundation of cash on hand while clear of long term debt. What a fantastic way to end the year and a great start for us into the new year .
GLTA............................... Hay


Bullboard Posts

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