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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 18, 2022 4:15pm
186 Views
Post# 35178595

RE:Do ya think? Yes .....

RE:Do ya think? Yes .....Hi oldmariner. I  know your are communicating with Tannin but if i may , i would like to
participate in the conversation.

From my understanding the 2% NSR on SG was done to help survive a very bad situation we were in.
Nothing more to say or can be done .This a a done deal.

Now the cleaning of SG mill , my understanding is that the co doing the cleaning get's a percentage of the recovered gold that was not disclosed.
Still a question about the cost of repairing the mill if needed.

My feeling about the silver and zinc holding has very low priority and it makes sense due to high capital needed to start Barvue and the return would only be +- 20% a year compared to 100% return on SG in the first year after full production.

As to honest skilled leadership my take today is that Mr Hamelin is very open minded and willing to discus any situation with anybody that ask any questions.

I have seen this in the last meeting and in the zoom presentation.

When the financing for SG is announced we only have one way to go and it is  ,share price increasing very fast.

Discovery and Flordin will be the next big phase in the co evolution after SG production.

Fernand   
  
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