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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 Jan 07, 2016 11:23am
151 Views
Post# 24436656

RE:Gold Up To $1,554!

RE:Gold Up To $1,554!$50 in price of gold in the last week just added $1.0m in profit if 20,000 oz produced in 2016.
If production cost is $900.00 /oz ca  $1550 - $900= $650 /oz ca x 20,000oz =  $13m profit .
This would explain why insiders are buying. 250m shares at 0.045 = $11,250,000 market cap .
No insiders info, just plain calculation. This is why i am buying with my modest means and  i can understand why Mr Mestrallet and Mr Hinse is going all in .
Profits projected in a year are more than market cap and carry over lost to prevent paying taxes
are a plus.
Just hoping that price of gold stays at this level or raises in the near future to deliver me a 10 fold.
The plus is that Mr Hinse (i think is in a buying mode of a mill that could process a lot more than the 12000 t per month .
I also deducted that Mr Hinse is also in a buying mode of past producing mine that could add mineral to the mill that he is trying to buy.
All i have written are in the influence of alcool and could be wrong calculations.
Fernand  
Bullboard Posts