Abcourt Mines Inc V.ABI

new resources increased by XXX

[fbedard29]

Hi the news release indicates a much bigger reserves or resources  !!  than we had in the past.
From +- 85k to +- 400k .
It was all expected and delivered.
Instead of having a 4 years (20k per year) production now we have a 20 years (20k per year)

All that is needed is +- $15-20m to go into  production and an expected return on investment of
0.7 year to pay the investment.

I am not sure i make any sense but my thinking is that in a year after production all financing should have been paid and after all revenue should go directly to the bottom line(profit).
All that is if management doesn't give 50% of the co for $15-20m loan.


Can any company ever expect any better results if the financing is done right.
.No

Fernand

[tannin]

For years it was 'how do we unlock the value here'.....now it's happening, step by step. Pascal and Hinse's ( who have a huge stake in this ) will see us to profitability imo. Renaud bt some excellent assets, PRO is bringing more, AU price is strong and we have a fully permitted operating mill....it's the sort of Christmas gift most investors can only dream of. Well done to our

[PILGRIM]

Hi Fernand you are right. Renaud have had a very good vision of which asstes to buy at a bargain. Nevertheless it is to recognise he was driving operation in an old fashioned and  a short time greedy way as he was focused on the elder production from which he personnaly had a NSR. Things are in good hands ,now and the strategy is clearly set on. Yes I too am challenged by the fact a