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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 Dec 12, 2022 5:20pm
196 Views
Post# 35167153

RE:NO...we need truth, facts, and you read the real history.

RE:NO...we need truth, facts, and you read the real history.Hi Theoldmariner.
Sorry again to be the bearer of bad news.
From my understanding of what i read  and Mr Hamelin's  quotes Abcourt is putting all of its effort into being a gold producer.

On a late friday(beers) it is harder for me to remember all the english words and what i have read in the past but  i remember that it takes +- $15-$20m to start Sleeping Giant and the return on investment is 0.7 years.
I also remember that the investment needed to restart Barvue is +- $40-$50m and the return is 5 years and there is probably environmental issues that could prevent restarting Barvue easily.

So if my thinking is right Abcourt could have a 100% return on investment in less than a year on SG 
but less than 20% on Barvue.

Barvue has less than 20m oz silver and the yearly production would be +- 2m oz.
Yes if Barvue could be seperated from the gold properties it could be a + but not a co maker.
If you have different views and calculation please post.
Fernand

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