Abcourt Mines Inc V.ABI

RE:RE:RE:Great drilling results from Sg but why are people selling

[macroview]

Hi Fernand. Regarding your comment in this referenced post - 'Abcourt must be patient and not sell any of those properties to pay present salaries and expenses', I am in total agreement. If you go to Abcourt's website > Investisseurs > January 18, 2019 > Update to the Technical Feasibility Report on the Abcourt-Barvue Deposit - check out page 95 of this PDF and Table 15.3 entitled 'Mineral Reserve' and you'll see the 2018 estimate for Abcourt-Barvue's silver and zinc deposits.

Tonnage - 8,074,162 tonnes

Silver - 51.79 g/t = 51.79 divided by 31.1 (number of grams in a troy ounce) = 1.66527 oz/t and 1.66527 x 8,074,162 = 13,445,659 ounces of silver. Assuming 2/3 recovery potential of this silver deposit as per M. Hinse' own calculations which he shared with me via fax over a decade ago, this would calculate out to 13,445,659 x 0.667 = 8,968,254.5 ounces. The CEO of First Majestic Silver Corp., Mr. Keith Neumeyer, believes that silver should be priced in the triple digits even today and so assuming in the not too distant future that silver will indeed reach $100 per ounce, Abcourt-Barvue's silver deposit could be worth $896,825,450.

Zinc - grade of 2.83% = .0283 x 8,074,162 = 228498.78 tonnes x 2204.6 (number of pounds in a tonne) = 503,748,410.388 x 0.667 recoverable = 336,000,189.729 pounds. At $2.00 per pound which zinc did reach price-wise this past March 2022, this calculates out to $672,000,379.  Total potential value of this Abcourt-Barvue deposit alone = $1,568,825,829.

A valuable property Fernand, worth hanging on to in this humble shareholder's opinion.

Regards,

macrotrend

P.S. If my math is flawed, let me know!