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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 awacs1on Nov 16, 2020 11:22pm
828 Views
Post# 31912232

No dilution=No progress

No dilution=No progressDepending on the flavour of your economic theory, debt and dilution is a subject to be debated. Debt seems to scare some but used properly it is a great lever to add value. Dilution does not involve adding debt and the funds go directly back into the ground. With the favourable tax advantage in PQ, ABI could do a PP at .25 or better with a small kicker. Adding 4million shares would not hurt this company and would definitely create some momentum. Lets get a private placement done! And turn the drills! 
Bullboard Posts