Bullboard - Stock Discussion Forum Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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

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Abcourt Mines Inc > Gold Price ??

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Post by Sunvalley on Mar 05, 2022 4:25pm

Gold Price ??

I have been wondering , just how high does the price of gold have to rise to get any sort of upward movement in this stock. Does anyone have any ideas or thoughts in this regard? I must admit , I am getting tired of hanging on to the ABI shares that I already have but I keep hoping for something positive to happen. Seem to be dead money as other gold stocks that I own are showing lots of movement. Any insights would be welcome.

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Comment by fbedard29 on Mar 05, 2022 6:06pm

Hi Sunvalley I think it is not how high the price of gold has to be to help raise the share price but who will replace Mr Hinse as president that could help. Elder mine is barely profitable at 3.5 gr per ton and with the gaz price up will even be less unless we hit high grade. .. Sleeping Giant is where the the change should come from. SG should have been in full production already ...more

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Abcourt Mines Inc