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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 PILGRIMon Apr 21, 2023 9:15am
152 Views
Post# 35406872

RE:I think

RE:I thinkYes Mariner I share your comments on OMH misleading this company to his own profit going on with Elder mine producing at a loss beyond all logic for the one and only reason that it brought him a royalty.

Fortunately he was clever enough to buy SG at a bargain and Mestrallet took his responsability in  pushing the old management to the side to replace it with honest directors and ,above all, a competent CEO brave enough to make the right decision to close Elder and to start a restart of SG in compliance with good mining practices.

My feeling is  the task of getting SG back into production is well within Pascal's reach and he will succeed in making Abcourt a huge financial success.
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