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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

Post by fbedard29on Jan 17, 2023 3:32pm
277 Views
Post# 35228916

Return on investment

Return on investmentHi Just beer talk again.
I have been looking at different  buying  suggestions from  Casey Research,Jim  Rickards and a few others and what i was interested in was:
What funding is needed and what is the projected return and time.
The IRR from the co i have looked at was anywhere from 20-30% after the opening of the mine.
That means that if a co needs $100m to get a mine into production and it takes 2 years before production and the IRR is 20% it would take 7 years to repay back the funding.
And with risk of not going into production is a gamblers bet.

Abcourt from the co info furnished needs +- $25m and not all at the beginning.
The cost of borrowing should be low due to no risk.
The risk is limited due to the mill already functionnal,
The mine already partially open.
The number of oz produced when fully operational and the timing and the cost of producing 
will vary but not much in a year.

Some past IRR quoted less than a year to pay back funding,  but i would guest two years would be reasonable .
And after all would go to the bottom line.
I know my numbers change at every post i make.
Blame that on the beer.

Fernand

  

     
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