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Bullboard - Stock Discussion Forum 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... see more

TSXV:ABI - Post Discussion

Abcourt Mines Inc > The Aldermac property
View:
Post by fbedard29 on Mar 18, 2021 1:13pm

The Aldermac property

Abcourt also has a property (Aldermac) that has copper,zinc and silver.
1,770,000 tons with 1.54% copper,     3.38% zinc  and 1m oz silver .

With copper at $4.07 per pound and zinc at $1.27  per pound and silver at $26.33  per oz  .

If i add up the value of those 3 minerals i come up with +- $389m in us
That is $483m ca.
That number is similar to what was the value of Elder when Mr Hinse put his time and effort in starting Elder.
The property has a 495-meter  3 compartment shaft  and nine levels.

I would imagine that it would not cost more to restart than Elder and permit obtainable.

Fernand
Comment by agsiv88 on Mar 18, 2021 2:43pm
If only OMH had a royalty on the property, it would already be in production. 
Comment by Theoldmariner on Mar 18, 2021 4:33pm
So very unfortunately insightful....I am smiling but frankly wish i were not. We need a new handle for him.... any suggests the market spoke today....Mr. 135...sad very sad.....grand news and nobody cared...
Comment by fbedard29 on Mar 18, 2021 5:47pm
If it takes a royalty let's give Mr Hinse a royalty and then we can go back to complaining  about the conflict of interest, but at least we would be in production. Fernand 
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