Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 03, 2018 1:21pm
169 Views
Post# 27656344

RE:Royalty

RE:RoyaltyHi Jmm1228
Mr Hinse probably bought the NSR  at a time when Abcourt didn't have enough money to buy the NSR and  survive and continue to drill on different properties to keep holding the right to those properties.
Now he is the owner of the NSR and has managed to increase the value of the NSR (probably to
$10m ) and in the mean time has reinvested his proceeds back into Abcourt by participating in
new financing.
Why would he be stupid enough to give back to Abcourt and if sold back the NSR to Abcourt would increase the dept to a point where Abcourt could not borrow in the future.

On this board we should stop complaining as to what has appened in the past and start looking
at what will happen in the future.
Elder will be profitable .
Sleeping Giant is advancing to production.
We probably are close to have a plan  for developping  Discovery and Flordin.
The drilling done on Vendome will add 25% value to Abcourt Barvue project.

The financial statement coming out now and in the future will add much confidence to future institutionnal investors.

All this was accomplished by an (old man ,your words) a man that probably had a dream to
build a profitable mining company . This dream is probably keeping him alive .
He has every incentive to doing so as soon as possible.

We should all be buying the future of this company and advertising it instead of complaining.
    

Sorry for saying what i am thinking and the frustation that it will cause to some of you.

Fernand


Bullboard Posts