Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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 awacs1on May 25, 2020 10:13pm

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Post# 31071391

RE:RE:RE:RE:Presentation

Not a barn burner of an NR, but it is better than no NR. Given the metirics of the in the 43-101 pour le Geant Dormant (SG) with an IRR at 240% and payback in 0.6 years, I am puzzled as to why none of this is mentioned in the presentation. The 43-101 answered one of my previous questions: it is on the Destor-Manneville fault but I agree that the narrow quartz vein limit the potential. The cost structure is favourable so it may blossom yet.
There is still a significant blocking number of stock holding down the price below .10. This too is preplexing. I have now a solid 6 figure holding and working incrementally to 7.
Cheers

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