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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 fbedard29on Oct 19, 2022 11:56am
184 Views
Post# 35033832

RE:RE:Are we on our way to 0.00

RE:RE:Are we on our way to 0.00Hi SilverNS
It is too late to feel unconfortable about the direction of the share price.
I was very unconfortable when the closing of Elder was announced and we had to continue paying 
salaries until end of july.
I was also unconfortable with the other bills that had to be paid.

Now we probably have very little bills to pay.(and very few employees on the payroll)
No salaries due to the closing of Elder and  SG mill untill early 2023.
Abcourt should get some revenu from the gold recuperated from the cleaning of the SG mill.
Still some questions as to what will happen with Pershimex proposed merger.

But if we can manage to pay the bills for the next few months, the revenue should 
come from the processing of 5000t of mineral from Pershimex(if PRO is still planning to use SG mill) and from the SG mine mineral.

Abcourt still has a mill and SG mine and other properties that are worth much more than the present Mcap of $14m. 
I am still a dreame(yes Theoldmariner)  and still hoping that my last PP at 10c (and wt at 15c good for 3 years ) will give me a positive return in 3 years,
Fernand 


  

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