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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 Puffertimeon May 21, 2022 7:31pm
212 Views
Post# 34700692

RE:Mr Hamelin previous involvement with Bonterra

RE:Mr Hamelin previous involvement with BonterraPersonally, I am not interested in Bonterra at all.  They were at $5 in 2018 and they are now at $1, it's not even a company on my checklist.  They bought Metanor but went south anyway, and still, they are not profitable 4 years later.  Having a lot of ounces in the ground is just one part of the equation, you have to get those ounces out with a profit or else you are in the dilution game, going toward bankruptcy for 1/3 of your NAV (for example).  I just hope that the new focus on Sleeping Giant will be successful because other deposits are appearing with better economics.
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