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 PILGRIMon Nov 18, 2019 11:00am

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Post# 30364501

RE:RE:Financing Sleeping Giant

I don't think Abcourt will be able to have some money from banks to finance Sleeping Giant.
It is condamned to do it with its own sole cash flow or from a subscription of it's share holders.

Why couldn't we build a private fund between all of us to be able to borrow this 5 millions to Abcourt?

We could obtain a much better return for our money than with our actual bank, REER or Cely and some option to buy new shares at fixed price when the revenues of the giant mine will rocket Abcourt profit to the sky.

If yes we could propose Mestrallet to come with us .

what do you think of this proposal?

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