Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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.

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Abcourt Mines Inc

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Post by caplanon Feb 28, 2015 9:59am

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Post# 23475394

Projections 2014-2015

From: ''INTERIM MANAGEMENT’S DISCUSSION AND ANALYSIS'':

''The Elder budget for the period 2014 - 2015, will be according to the revenues received from the sale of gold and the financings realized. An overall budget of about $20 million is proposed for the extraction of about 100,000 tonnes containing about 15,500 ounces of recoverable gold.''

15 500 oz at $1 500, it's 23 M$ for un budget of 20 M$. Profits for the next year ???

The actuel gold price is $1 213.70 US X 1.25 = $1 518.07 Can.

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