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Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s):  ABCFF

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.


TSXV:AME - Post by User

Post by canneon Feb 16, 2015 11:35am
118 Views
Post# 23433231

strategic opportunities

strategic opportunities"Abacus carried out a review of several strategic opportunities during the year towards increasing shareholder value. Although no transactions were completed, the company will continue to evaluate opportunities that the current market presents."
This is taken from the update 02/12/15. it says opportunities with an s meaning more than one. The BVE debaucle is the only one I know of... good work management. Another interesting bit of info was the EA Application submission date now being 2nd quarter of 2015 instead of the 1rst quarter although this was breifly touched on when the dry stack tailings announcement was made.
The announcement also states that $59 million was spent and AME paid their portion which means $12 million if they have a 20% commitment. I'm thinking the pot must be getting a bit empty and we have 3 years and hundreds of millions to go yet.... 
 

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