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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Post by thegoldenmanon Oct 14, 2020 3:02pm

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Post# 31715248

What to understand from the press release this morning.

What to understand from the press release this morning.
Mr. Hinse begins work on Flordin.
it is also, that they partly completed the investments in money for the opening of Sleeping giant.
They have the money to prepare the third project.
It also means that even if Sleeping Geant will not be profitable in the next month, it does not need a lot of liquidity to increase production and produce to the maximum around June or July 2021.
It also means a lot of cash in a year for shareholders.

it is time to complete its position for a bright future.

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