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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 Dutch060on Apr 03, 2023 1:04pm
94 Views
Post# 35376528

RE:Abcourt-Barvue

RE:Abcourt-BarvueIf they are or will be negotiating a sale of Abcourt- Barvue, I hope they put in a nice zinc and silver royaly in favour of Abcourt.<br /> Zinc stocks at LME are pretty low (around 40.000 now where they were at 300.000 mid 2021) so prices might explode up is they hit the bottom of their warehouse.<br /> And Silver might also go over USD 30 per ounce once in a first step when gold takes the USD 2.000 hurdle. After that silver might go a lot higher as well.<br /> So better a moderate selling price with a high royaly in our favour included.<br /> Without any royalty in our favour its not a sale but a give away. <br /> <br /> If the deal is not good, just delay... zinc and silver prices will show we were right.<br /> And I am sure that the real Abcourt shareholders can handle some waiting.
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