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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Post by fbedard29on Sep 18, 2021 7:29pm

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Post# 33883820

Future inflation

If the average price of a house in Montreal is now $500k, Toronto $1.2m and Vancouver $1.8m what will be the price to build a mill in the future in Canada.
I can easily see the price increasing + 200-300% .
All those projections with no increase in gold price.
What if gold price goes up to $3k, $5k, $10k in the next 3 years.
What would be the profit generated by a mill that can produce 44k oz a year.
Do your own calculations . I am now in beer consumption mode .
Fernand

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