Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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

Abcourt Mines Inc > Value of gold in the ground per share.

<< Previous

Bullboard Posts

Next >>

Comment by fbedard29on Oct 15, 2024 8:40pm

60 Views

Post# 36267380

RE:RE:RE:Value of gold in the ground per share.

Correction to my posts.
I was too fast in calculation without verifying.

Here are more fact that should be closer to the truth.

The no of shares outstanding before the acquisition or merger with Pershimex in nov 2022 was +- 348m shares. for a MCAP of $14m

After Pershimex merge the no of shares was 428m for a MCAP of $17m.

Now after many PP the no of shares = 714 m and 286 m warrants.exercisable at 0.04-0.06 -0.08c
good for 36 months.
The MCAP for share outstanding today is $35m.
And the value of wt if exercised would be +- $15m.

If more money is needed to get Sleeping Giant in production faster i would suggest management to
lower the wt exercise price by 2c if exercised in the next 3 months.
That would bring in +- $9m instead of $15m but would eliminate more dilution.
Here is where my calculation comes from.
There are certainly some mistakes but it could be close to the truth.

No of shares in m	date	PP financing		Shares	warrants	Wt ex price 36 months		Mcap
348m	20nov 2022							$13.95
428m after aquisition of Pershimex				79.3m			Acquired Pershimex has 18.5% of Abcourt	$17m
	Dec 2023	$ 2.58m	0.04c	64.5m	64.5m	0.05c
	June 2024	$4.42m	0.05c	88.43m	88.43	0.06
	July 2024	$4.5m	0.04c	112.5m	112.5m	0.06c
695m
	Oct 2024	$1.25m	0.06c	20.86m	20.86m	0.08c
715m				715m	286.2			$35m