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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 Theoldmarineron Oct 28, 2014 7:44pm
224 Views
Post# 23070163

Anyone wish to translate this

Anyone wish to translate this

So what we have here is to go full commerical ( with given information)

it requires at least 150,000 of ore a year but he has reported the he plans to mine 100,000 tonnes in 2014-2015...
the snow is getting deeper and deeper....
and the real kicker.....there are no plans to increase productivity.....

so this really translates into SNOW JOB....or am misunderstanding the report?




The achievement of a predetermined level of activities; a production of 150,000 tons of ore per year as used in the ‘’Preliminary Economic Assessment’’ on the Elder project by the firm Roche Ltd, Consulting Group.

The ability to support a continuous production and achieve constant operating results over a period of time;

Recovered grade, ore value and significant revenues; Stage of completion of development works.


Read more at https://www.stockhouse.com/companies/bullboard/v.abi/abcourt-mines-inc#LjmwO9ljSMy1cbOa.99

_Report__________Expansion plans and plans to increase productivity are not considered now.
Our budget for the period 2014 - 2015, will be according to the revenues received from the sale
of gold and the financings realized. Our budget for the extraction of about 100,000 tonnes
containing about 15,500 ounces of recoverable gold is estimated at about $20 million for that
period
Bullboard Posts