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 Shermandrock1on Feb 12, 2016 11:42am

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Post# 24552622

Hey brownbear: The value of the tax loss carryforwards

Here in the States, losses can be carried back 2 years and forward for 20 years. I do not know what CDA NOL rules are. With respect to the accumulated deficit of $22M, you would have to schedule the losses by year to see which years may still be available to offset future profits. Presumably, those losses that originated within the statute(s) may be used to offset future profits. Would they be valuable to an acquirer? You bet.

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