Abcourt Mines Inc. TICKER: ABI.V;US: ABMBF DESCRIPTION: Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec. The Abcourt-Barvue silver-zinc project with 43-101 resources and the Elder gold mine with 43-101 resources are both past producers. Abcourt is now focused on bringing these two projects back in production. In addition, Abcourt is on the lookout for others projects which could be developed later such as the recent option that was taken on the past-producing Aldermac mine. To know more about Abcourt, please consult the company's web site www.abcourt.com and Sedar www.sedar.com.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
The Gold Report
"Puplava Financial Services added the Abcourt Mines Inc company to their portfolio, by buying 22,500 shares as shown by filings made public on 2008-04-21. The stock is currently owned by two funds/institutions with a total activity score of 2.00." (4/21/08)
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mffais.com
The Gold Report
"ABI presents an exceptional risk-reward scenario; resource rich with 750 Million lbs Zinc, 20+ Million Oz Silver, & 220k+ Oz Gold, plus they possess a 13 year Ag-Zn mine life that is wide open for expansion, yet have only 45 Million shares outstanding and are trading under US$0.50 per share - Now with news Abcourt has ~90% of all the material needed for the construction of an 1800-tonne per day mill at their silver-zinc Abcourt-Barvue project. It appears shares of ABI.V are primed for upside valuation adjustment." (2/22/08)
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PR WEB
The Gold Report
"Now at 90 percent of all the material needed for the construction of an 1800-tonne per day mill at their silver-zinc Abcourt-Barvue project, Abcourt Mines Inc., now is the time to pay attention to Abcourt Mines Inc. The current valuation should make upward adjustments to reflect forward discounted future revenues of Abcourt as a silver-zinc producer with a solid expandable resource base in a mining friendly region. ABI.V is resource rich with 750 Million lbs Zinc, 20 Million Oz Silver, 220k+ Oz Gold (43-101 measured and indicated resources on most numbers). They currently have only 45 Million shares outstanding and are trading well under US$0.50 per share.
ABI.V's latest purchase of equipment once owned and used by Barrick Gold Corp. eliminates a 24 month wait for new equipment and is a major savings. The latest equipment purchase is only 10-12 yrs old and includes flotation and grinding mill equipment plus all accessories including bins, conveyors, cyclones, pumps, tanks, overhead cranes, lime and reagents circuits, electrical circuits, a gravity circuit with two 30" Knelson separators, spare parts...The purchase of mill equipment is described by Abcourt's management "a major step towards a production decision"; a target production date will be clearer after dismantling and shipping of the mill equipment to ABI's mine site, after the spring thaw. Additional cost savings consideration are available such as staking a new open pit on the Abcourt-Barvue deposit, next to the existing open-pit."(2/04/08)
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PRWEB
The Gold Report
"A recent analyst report has identified Abcourt Mines Inc as significantly undervalued with its five 100% owned projects being heavily discounted at current share price valuation of under CDN$0.50. The Abcourt-Barveau silver-zinc deposit alone has significant resources valued at over one billion US dollars which the Company's independent feasibility report indicates as economically mineable with a 13 year mine life. This one project alone is significantly discounted with the market capitalization of Abcourt Mines Inc. under CDN$20M; Abcourt Mines has 278,830 metric tons of zinc resources and 19,644,354 ounces of silver at the Abcourt-Barvue project, they also have 198,744 ounces of gold at it's Elder Gold Project. Additionally Abcourt Mines owns an existing mill and equipment which estimated value exceeds its current market-cap..."(11/7/07)
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newswiretoday.com
The Gold Report
"Howlett Research has published research report and opinion on Abcourt Mines Inc. The coverage includes a Speculative Buy recommendation and a near term price target of 100% upside valuation appreciation based on a number of potential project scenarios/catalysts.
The qualified Analyst has identified Abcourt Mines Inc as significantly undervalued with its five 100% owned projects being heavily discounted at current share price valuation of under CDN$0.50. The Abcourt-Barveau silver-zinc deposit alone has significant resources which the Company's independent feasibility report indicates as economically mineable with a 13 year mine life and this one project alone is significantly discounted with the market capitalization of Abcourt Mines Inc. under CDN$20M; Abcourt has well in excess of a billion US dollars of zinc resources at current market prices. Abcourt Mines also has 19,644,354 ounces of silvers at the Abcourt-Barvue project and 198,744 ounces of gold at it's Elder Gold Project."(10/24/07)
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PRWEB