It is a penny stockBut if any of Mr Hinse's hopes do come to fruition, we will be sitting much higher than pennies.
This is a quote taken from the last news update.
"I have managed to build a company that currently operates with 150 employees and has several excellent mining properties, including a gold mine currently in production (Elder) with annual sales of $25M to $30M. Additionally, another gold mine is in development (Sleeping Giant) and will double Abcourt’s turnover in the short time, and the Abcourt-Barvue project with zinc-silver reserves which is in the process of requesting certificates of authorization. I leave it to my successor to bring these projects to a successful conclusion and to do what is necessary for Abcourt Mines to become a large company according to the criteria of the Toronto Stock Exchange.”