Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s): ABCFF

Metals & Mining Industrial Metals & Minerals

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.

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Abacus Mining and Exploration Corp

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Post by goldbuyeron May 13, 2016 1:44pm

155 Views

Post# 24871121

While We Wait ... Here's My Opinion

Old wisdom: Never be afraid to go out on a limb - that's where the good fruit is.

KGHM has got that limb loaded, guess why? they are certainly going to win, in my opinion. I have every share from the beginning bought many years ago, from eg: SP .25 then higher to averaging down through everything in between.

Guess why? Hint: it's the $$$$$ potential, as this Cinderella story is still unfolding.

Their neighbor NGD/Afton mine was quite low prior to their successful merger in 2008. I got in at SP 1.74. NGD/Afton saw as high as $14.00 since then and back down again. I held them for years waiting for some action. You guessed it right ...Yes - I'm not complaining.

The KGHM Cinderella story will do likewise when it breaks out ... I am certainly betting on it .

GB

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