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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 petersburggrayon Dec 23, 2021 4:11pm
145 Views
Post# 34259219

RE:RE:RE:NSR paid out so far… $3,366,327

RE:RE:RE:NSR paid out so far… $3,366,327Imo $3.4mm skimmed from ABI on NSR over last decade is probably about 2,700 ounces of gold at $1,300 oz. gold. You cant buy physical gold at spot so this skimmed gold, is worth over $5.4mm USD in todays inflated dollars. What is important for shareholders to consider is what investments in the ABI business could have been made if that skimmed gold had been instead put to work in ABI mines vs. lining the hinse pocket. In past years Sleeping Giant needed $4mm to bring mine to production, which then grew to $5mm as fiat lost its value due to inflation of money supply. So if the hinse hadnt skimmed gold off top of Elder mine prodution into his own pocket, then ABI would have had the cash flow from Elder gold production to fund the ramp or Sleeping Giant (or potentially Barvue) years ago without incurring any bank debt, debt which company now has on books. Imo the facts demonstrate that the hinse is a vampire, sucking the blood out of ABI so that the company is so financially weakened as a reult of hinse bloodsucking that no forward progress in developing the business is possible but imo the bloodsucking vampire hinse leaves ABI strong enough to provide him with another feast tomorrow.
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