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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 fbedard29on Dec 13, 2021 4:20pm
156 Views
Post# 34226524

RE:RE:Posters concerns and support to ABI.

RE:RE:Posters concerns and support to ABI. hi  Bazbuz .
You don't seem to comprehend what is a NSR .
The NSR is a % of the future production that has been given (or negotiated in the past by the selling co or the funding provided by an outsider.).
The NSR of 2% was negociated and registered by previous transactions before Abcourt was the owner or could have been given to an outsider by Abcourt in exchange for funding.
This happens all the time .
Co like EMX Royalty, Oregen Royalty , Franco Nevada , Wheaton Precious Metal , Osisko  Gold Royalties and many other co's get a % royalties in exchange for fundings.

These NSR are registered for life against future production of the mine.

Yes Mr Hinse could be a good samaritan and give back the royalty to Abcourt or sell it back for a certain amount of $.
Why would a sane person give back what he has paid for just to please a shareholder like you.
You are working for your pocket and so is everybody else.
Yes Mr Hinse could evaluate what the future of Elder could bring him( maybe 500 oz a year for 20 years at a price of $2000k would be worth $20m )  and sell to Abcourt for a small discount but then every body would say he is exagerating the value  and trying to profit from his position as a major shareholder.
All mining have an NSR that they would like to buy back at a discount.
Abcourt has many NSR registered on different mine sites.
Elder                  2% 
Vendome           2%
Tagami               1-2%
Jopol                  2.5%
Aldermac West   2%
Cameron Shear 2%
Laflamme           2%

I do not want to spend a week looking into Barvue, Flordin ,Discovery  to see if they also have an  NSR registered against.
I know that  Sleeping Giant has only $5 per tonne for 350000 tonnes. = $1,750,000 
Elder has already  payed close to the total that SG will pay .

You all have the option to enquire who all those NSR  are registered with and if you can enquire and see what the purchasing price of those NSR could be. Maybe we could all get together and acquire them before Mr Hinse does or   
Let Mr Hinse know that all the future earning should be directed to acquire all NSR before getting Barvue in production.
 Now please let all of us know what is your prefered choice is. 
Ok now i will stop posting for a while and let all that info be absorbed and digested.
Waiting for all your responses and remember that all our posts are a waste of time.
Fernand
    
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