Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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 fbedard29on Oct 29, 2015 10:20am

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Post# 24238455

projections

On sedar under <Rapport de Gestion oct 28> on page 29
Notre budget pour l’exercice 2015-2016 sera en fonction des revenus provenant de la vente de l’or. Pour cet exercice, notre budget est de l’ordre de 20,0 M$ permettant l’extraction d’environ 120 000 tonnes de minralisation contenant environ 18 000 onces d’or rcuprables.

Projected for 2015-2016 $20m expense to extract 120,000t for 18,000 oz.
18,000oz at +- $1500cdn = $27m - $20m = $7m left as working capital .
Seems good to me if projection turns out to be accurate.
Fernand

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