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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 fbedard29on Nov 15, 2024 5:14pm
120 Views
Post# 36315803

RE:RE:RE:RE:What could Abcourt be valued at.

RE:RE:RE:RE:What could Abcourt be valued at.Sorry again for posting. What would be my reason for selling 2m shares at 0.05c and buying 
in the PP at 0.055 and wt at 0.08c in 3 years.($110k)  
The result would be a $10k lost for now and having 2m wt exercible at 0.08c in 3 years.
If share price is at 0.10c in 3 years = $200k - $110k = $90k in profit.
Result worst case lost of $10k deductable in income  if i can sell at 0.05  for a  lost of $10k   or if the share price goes to 10c on a profit of = 2m shares if bought at  0.055+= $90k
and if share price goes to 20c =( 0.055c cost and sellng  at 0.20)  = cost of $110k and selling at
2m at 0.020= $400k - $120k = $280k in profit.
surely many mistake in calculation but if correct  a potential lost of $10k could be a plus if a potential of  $90k to $280k in plus potential profit could be planned  if share price is beetween 0.010 to 0.20c.
But share price could be between 0.02c and 0.20c and only you can predict the future.  
Please express your opinion.
Fernand
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