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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 > Mr Hamelin previous involvement with Bonterra
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Post by fbedard29 on May 21, 2022 1:33pm

Mr Hamelin previous involvement with Bonterra

I have spent a few hours trying to understand why Mr Hamelin was involved and president of
Bonterra mine.
Bonterra seems to have a 750t mill and 3 mine projects in an area close to Discovery(mcap 100m).
One of Mr Hamelin quote was that the region has a potential of 10m oz of gold and the only mill
was Bonterra.
If Abcourt buys many mines or properties close to Discovery we could be the owner of more than 5m oz in the ground.
Yes Bonterra could buy us out but maybe we could buy Bonterra also.
For certain we should never sell any of our properties but try to buy other properties instead.

Fernand
Comment by Puffertime on May 21, 2022 7:31pm
Personally, I am not interested in Bonterra at all.  They were at $5 in 2018 and they are now at $1, it's not even a company on my checklist.  They bought Metanor but went south anyway, and still, they are not profitable 4 years later.  Having a lot of ounces in the ground is just one part of the equation, you have to get those ounces out with a profit or else you are in the ...more