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.

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Abcourt Mines Inc > Abi needed Transparency..

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Comment by JTDOUBLEon Jan 07, 2022 12:32pm

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Post# 34293423

RE:RE:RE:RE:Abi needed Transparency..

Regrets putting tons of money here before, bte and cpg which given me high 3 digits return with same amount of time vested ..

No one get rich in this play aside from those who cooks in the kitchen in which is it only serve to their inner circle..

We have a profitable quarters yet we burned 1 millions in cash last quarter with only 700k extra in invertory , considering the there are plenty of Non cash expense like derpreciation etc..

We are living on financing credits , rather see a major PP and get it over with to expand and develop resources..

check the cash balance not enough for two quarters given the average cash burn here..

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