Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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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Comment by babooonon Jun 28, 2018 3:07pm

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Post# 28246788

RE:RE:A Somewhat Unique But Not A Novel Idea Regarding The NSR

Paying a dividend is not the same as paying a royalty. A royalty is an operating expense of the company. It is a deduction in the computation of income. A dividend is paid from accumulated surplus. It is not a deductible expense. There may be legal impediments to paying a dividend, depending on the amount of available surplus, from which to pay a dividend. It is not a simple "either/or" decision.

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