Wer kennt sich mit Abcourt aus ? Meinungen, Analysen etc.
* ABI.V ABMBF.PK (Abcourt Mines) (I own shares)
firstname.lastname@example.org Jeff Tremblay (IR) (418) 575-1169 cell phone
28.3 mil shares fully diluted (June 21, 2004)
@ $.225 share Cdn x .80 US/Cdn = $.18
$5 mil MC
no debt., North of Montreal., ~11 mil shares family owned.
proven reserves... not ready to be opened, re-opened perhaps in mid 2005?
--Abcourt-Barvue: Past producer, existing infrastructure: Put into production a second time, 1985-1990 for $20 million.
--Historic Resource for: 18.1M oz silver, 120,000 oz.. gold, 303,000 tons zinc, 2,308 tons copper.
--Estimated cost to reopen the silver mine was (with the old plan) $35 mil Cdn: Estimated: 27.55% IRR, 98% return on equity, payback period of 2 years.
-The current plan is to do an 80,000 ton bulk sample at an approximate cost of $5 mil Cdn, hopefully by early 2005.
$273 million worth of zinc at .45/lb, $108 million worth of silver at $6/oz, $45.6 mil worth of gold at $380
$5 mil MC / 19 mil oz. = $.27/oz.
You get "approx" 26.4 ounces in the ground for 1 oz. silver's worth of stock.
Additional comments: Jeff Tremblay and Renaud Hinse took a trip to Vancouver and San Franciso, and came out to Grass Valley, California my hometown, to meet with me late August. They have been in business as early as 1977. The mine last operated from 1985 to 1990. In 1980, the stock price hit a high of $4.95/share. In 1985, they raised and spent $20 million Cdn. to start production, and in 1990 production was put on hold due to low silver and zinc prices.
Imagine trying to run a business for 14 years with no revenue! Yet, during that time, they have managed to keep the company debt free, and dilution to a minimum! Yearly costs to keep the claims and equipment of this family-run mine are $100,000, so that has been their secret of survival.
--looking to raise $5 mil to reopen the gold mine.
looking to raise $5 mil to reopen the silver/zinc mine.
(I own shares of ABI.V)