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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 Oct 04, 2024 6:29pm
170 Views
Post# 36254047

Abcourt gold mines value compared to silver,zinc copper mine

Abcourt gold mines value compared to silver,zinc copper mineHi Just to keep you all from sleeping on the weekend.
Here are some thought and value that i came up with.

Abcourt gold mines (SG, Discovery,Flordin Elder and a few more ) .
I think the value of m & I gold might be $1-1.5b .

The value of other mines assets (copper,silver,zinc,and some gold) from M & I 
Barvue $934m ca.
Vendome $415m ca
Aldemac $577m ca.
I might be wrong in some of my calculation  but i am certain that it is close to $1.9B.

Mr Hamelin had commented that all properties not related to gold should be
put in a new company.

Either Mr Hamelin forgot or was too busy to seperate the gold mines from other mines.
And now due to all the funding done and dilution the new participants now own a large part
of those silver,zinc,and silver mine.

And if  new funding is needed we as old shareholders will be left with 10% of those mines.

Maybe Mr Hamelin should spend some time to seperate the gold and the rest of the mines before 
new funding is done.
The funding give no value to all those properties.
 
Have a great weekend.
Fernand


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