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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 Nov 22, 2022 8:56am
184 Views
Post# 35118159

RE:What’s the futur

RE:What’s the futur Yes the future looks great if we take our time .
Now the future share price of the new co will come from the result of management decisions.

There is still a big cloud above Abcourt and it is the $15m financing needed to get SG in production.
Let's not give away 50% of all properties in Abcourt and now Pershimex also just to get the $15m needed.

When SG produces 20k oz a year at AISC of $1500ca and the Ca price of gold is $3000ca that
would result in $1500 x 20k oz = $30m.in revenue and we would also still be owning 100% of all
our other properties..

I would prefer owning 5% of all Abcourt assets to owning 2.5% even if it takes a few more years to
get SG in full production.

Fernand 
.


  
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