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
Post by fbedard29on Jun 08, 2019 12:40pm
104 Views
Post# 29808920

Sell Barvue zinc-silver for future NSR

Sell Barvue zinc-silver for future NSRJust another topic for discussion. Can ABI transfer the ownership of Abcourt Barvue property to an interested party in exchange for NSR of 5-10% .  Just a quick estimate of potential NSR return.
If 2m oz silver and equivalent in zinc production a year
If 2m silver x $16.00us=$32m +$32m zinc = $64 m Us converted to Ca = $85m ca
At 5% nsr it  would give present shareolders $4.25m return a year and not counting future increase in price of silver and or zinc. If 10% nsr you do the math.
This option would give us all the time needed to advance all gold properties and not spend our
hard earned dollars on Barvue.

Fernand
   
 
Bullboard Posts