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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 Dec 13, 2024 8:08pm
119 Views
Post# 36362050

RE:MORE DILUTION ? WHAT IS THE OS NOW ?

RE:MORE DILUTION ? WHAT IS THE OS NOW ? Just and old fool responding again to a post.

I have been loosing for the last 10 years.
But now i do not plan on past experience .
For me now the share price is at 0.045c.
What should be the share price in 1-2 years.

Abcourt has closed the processing plant for winther.
Maybe Abcourt is still extracting mineral this winther that will be processed in spring.

If Abcourt can extract 5-10k t this winther what could be the result when the processing plant is
activated in spring or summer.

If 5-10k tonnes are ready to be processed at 5gr per tonnes.
I am too old and too stupid to calculate the revenue.
But if 5000t at $250 = $1,250,000 or if double at 10t x $250 per ton + $2,500,000 REVENUE .
If we have a processing plant that can process 750 t per day X 300 days = 225000t 
and if i calculate $250 x 225000t  = $56,250,000 in revenue  - cost = A BIG PROFIT.
Abcourt could produce more profit than the MCap of the co.

Can the share price increase if Abcourt produces at a profit.

Yes Abcourt could x 5 times + to 0.25c if Abcourt stops diluting with new PP.
sorry for my post that might not be to comprehensive and full of errors.
But that is the only time that i posts after many beers. 
Please feel free to correct my projections and errors .
Fernand 
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