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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
Post by fbedard29on Dec 03, 2016 3:19pm
256 Views
Post# 25550946

feedback from AGM meeting

feedback from AGM meeting

Abcourt AGM resume and discussion
Please don't shoot the messenger. I have put all my meager knowlage and time and many beers in play to publish a resume of the AGM of Abcourt, and my personnel estimate of what i think is important to follow.. A lot of what was discussed in the meeting (was mentioned) could be considered insider info and not to be revealed to the public so i will stick to the facts ( as i understood , i could have misintrepeted).

Facts

Abcourt had 2 quarters of positive cash flow ending june 2016.
Elder close to full production.

Sleeping Giant mill in operation since 15 august 2016 (this effects the quarter ending in september).Sleeping Giant mine needs a lot of work and money to advance to production.

Abcourt Barvue

Money has to be spent to prepare for production.

Over one billion gallons of wather has to be pumped and processed to prepare for production.We all know how long it took to dewather Elder) The estimate is between 1 or 2 years after permits are obtained.

The material for mill at Abcourt Barvue is 80% acquired and a lot of work has to be done to get ready for production.
Many shareholders have expressed their frustation by the lack of promotion (this should make TheoldMariner very happy). Mr Hinse has expressed his willingness  to add promotion. 

My next post will be from my observation and personnal discussion with shareholders.

Fernand

 

Bullboard Posts