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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.


TSXV:AME - Post by User

Abacus Mining and Exploration Corp
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Comment by goldbuyeron May 27, 2016 10:54pm
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Post# 24912439

RE:RE:New news out today KGHM

RE:RE:New news out today KGHMSo long as KGHM's biggest customer for copper is China, and they (KGHM) need to meet that supply from worldwide KGHM resources, I am real happy to outlast the current lower copper prices cycle effecting all producers - junior and the major players. Poland needs China.

My investment dollar has no conscience whatsoever within a "long play" scenario. This is all about world copper pricing and the conditions that effect the tide, not the players involved. 

Juniors whom can't hold on will fall off predictably, while the strong (KGHM Worldwide) reposition (eg: Kamloops Ajax Mine and 7 mine lay-offs as example) get ready to ride out this low copper price, time-wave. 

KGHM isn't going anywhere with their Ajax Mine investment and my KGHM Ajax Mine money is staying right where it is, unless there's a fireside sale in SP ? in which I will consider adding to my position - for the long haul . I'm sure I won't be alone ...


GB
Bullboard Posts
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