Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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

Abcourt Mines Inc > A fun exercise

<< Previous

Bullboard Posts

Next >>

Comment by fbedard29on Dec 28, 2021 7:39pm

140 Views

Post# 34266310

RE:A fun exercise

Thanks Petersburggray for doing the calculation of NSR paid.
Did you use the French version of the annual report to calculate the NSR.
If $3.366m were paid as NSR (2%) that leaves 98% or $164.934m deposited in the bank account to pay Mr Hinse consulting fee and all other expenses and new develloppement at Elder,SG and
drilling at different site.

I am also certain that you bought Abcourt shares with money that you earned and were well paid for your work just like Mr Hinse was.

If 2% NSR is all the profit that Elder can generate you should suggest to close the mine.
Fernand

<< Previous

Bullboard Posts

Next >>

Record Q3: Equinox Gold achieves commercial production at Greenstone Mine