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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

Comment by canneon Sep 29, 2015 12:21pm
209 Views
Post# 24145321

RE:RE:Mineweb

RE:RE:Minewebwe are seeing miniscule volume at this price, my guess is that present shareholders are taking a wait and see attitude. KGHM is spending a lot of money under uncertain conditions but if they are successful, it could be a big moneymaker. As for the city, they have a pretty tough challenge ahead as they can't really win. If they refuse the project, they gain the support of the environmentalists but lose much needed revenue,  if they support the project, they gain the revenue but face public backlash. The mine is pitting citizen against citizen depending on whether you need a job or whether you want a certain lifestyle, it's too bad this project is so close to where people live but it is what it is, good luck to council.
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