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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 PILGRIMon Apr 29, 2022 12:05pm
201 Views
Post# 34642612

RE:private placement $1.5m at 10c

RE:private placement $1.5m at 10cHi Fernand

I think you were right to bring Abcourt a part of the money it needs to go on and avoid bankrupt 
We all here know your admiration for Renaud Hinse and so did also I.
But we all must admit Renaud has fooled the shareholders a lot giving optimistic prediction that never occured and is the only one who have made money with Abcourt.

Don't misunderstand my words, I still estimate Abcourt is a real bargain for a lot of reasons alredy often debated here and continuously for years now I buy share small by small and never sell.

But I we must admit the process is driven on a blind way.
No exploration is made . Ore is processed by chance and due to this blindness a lot of sterile are processed incurring in dramatic increase of production costs.

My feeling is because the production costs exceed the price of Gold particuarly at Elder mine the best to do now is to stop mining Elder and Sleeping Giant this blind way and find money to drill these mine in such way that allow to find where the veins are before exploiting them.

Ounces will stay quiet there waiting for Abcourt will be able to process them inthe proper way

Hinse never admitted it but I guess the new CEO much more aware on how drive profitable mine will do the right things to do and find the necessary money for it.

 
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