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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
Comment by fbedard29on Dec 04, 2015 1:16pm
133 Views
Post# 24355238

RE:RE:Hey alabou: would you kindly inquire of Mr. Hinse his

RE:RE:Hey alabou: would you kindly inquire of Mr. Hinse his Agm feedback
Objective for 2016-20 is to extract 150,000 of material per  year for 20,000 to 25,000 oz gold .
Cashflow projected to be $4.9m for 2016 down  to $4.3m in 2020.
The BEACON MILL was not finalized due to unclear titles and other concerns that could not be resolved quickly.

Mr Hinse mentioned that other mills are for sale and is looking for the one that could fit Abcourt
needs.
I deducted that the $225k (he could not confirm) mentioned in recent article is probably for a deposit on a mill until all due enquiries and research are done at Abcourt satifactory. 
Mr Hinse doesn't seem to be looking forvard to retirement . He is also keeping an eye on possible mines and land for sale on the cheap to add to Abcourt holding.

Fernand
 

Bullboard Posts