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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 May 19, 2023 11:28am
266 Views
Post# 35456538

RE:Hello Hinse Family, Mr. Mestrallet and Mr. Hamelin,

RE:Hello Hinse Family, Mr. Mestrallet and Mr. Hamelin,Hi Blueblack and everybody

Don't despair just when the actions of ABI's new management are beginning to bear fruit.
1) Acquisition of Pershimax without taking out a single dollar
2) cash restoration
3) Regular publication of increasing resources in Flordin, Discovery and SG
4) Putting competent geologists to work for the production of a new PEA which is the prelude to the production of a Feasibility Study which will make it possible to interest major investors by proving to them that the costs will be controlled and that their dollars will pay off very quickly.
5) Admittedly, this will only be possible at the cost of a very significant dilution of the current shareholders, but you can imagine that if Mestrallet and the others accept it, it is because they believe that
-1-it's a must for future success
-2- This will result in an increase in the price of their shares which will greatly exceed the dilution they will have to agree to.
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