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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

Comment by lccommoneron Feb 10, 2021 5:04pm
236 Views
Post# 32532146

RE:Barvue value

RE:Barvue valueIt is very apparent the market is giving no value to Abcourt-Barvue/Vendome. For several reasons. Thanks for pointing out Dolly Varden Silver for comparison. Nice Ag grades. More like what is found in Mexico.

Fernand, my numbers are a little different than yours. It could be we used different sources. I made it simple for myself and used the 2017 Barvue Mine Report/Presentation data rather than the FS for Abcourt-/Barvue (2019) and the Vendome NI 43 101 (2013). I also used short tons for zinc with Vendome/Associated Deposits. The Vendome NI 43 101 might have used long tonnes. I didn't check. 

Conclusions: Using all categories for Abcourt-Barvue and Vendome/Associated Deposits.

Ag:  23.59 million oz
Zn:  808.13 million lbs
Cu:  ~12 million lbs
Au:  ~38 thousand oz

In situ value ~$1.739 billion ($US) 

US metal prices from yesterday used to figure the in situ value were:

Ag:  $27.28 oz
Zn:  $1.216 lb
Cu:  $3.6462 lb
Au:  $1837 oz

In situ value >2 billion (US) with Zn at $1.50 lb and Ag at $35.00 oz.

NOTE: Sleeping Giant mine has 211,014 oz gold in all categories (NR 5 Oct 20). At $1837 oz Au, the in situ value is $387,632,718. Abcourt-Barvue/Vendome is ~$1.352 billion greater than Sleeping Giant in situ value.

LC


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