Abcourt Mines Inc./ ABI (CVE)

Hinse hat 30 % , das kann auch ein Vorteil sein, dass man sich schneller einigt. Ein schneller deal ist nicht zu verachten und wenn ein gutes Angebot kommt wuerde doch jeder zustimmen.

ABCOURT MINES

bernahme oder Produktion !?

WKN:
862198
ISIN: CA00288E3005
SYMBOL: AML
KURS: 0,38 EUR
KURSZIEL: 1,50 EUR

BÖRSENPLATZ: Frankfurt


Nach den Kursrückgängen der letzten Wochen bieten sich jetzt hervorragende Möglichkeiten in qualitativ hochwertige Juniorminenunternehmen zu investieren. Der kanadische Silber-, Zink- und Goldexplorer ABCOURT MINES (WKN: 862198 / ISIN: CA00288E3005) ist eines dieser Unternehmen, das sich clevere Rohstoffinvestoren unbedingt ins Depot legen sollten. ABCOURT MINES ist von der breiten Masse der Anleger noch nicht entdeckt worden, obwohl sich das Unternehmen fundamental in weit fortgeschrittener Entwicklung befindet. Die Aktie ist auf dem aktuellen Niveau deutlich unterbewertet und bietet ein Kurspotential von mehr als 250%.

BARVUE – Hochprofitable Silber- und Zinkmine

ABCOURT MINES besitzt zwei weit entwickelte Minenprojekte um die kanadische Stadt Val d´Or zu jeweils 100%! Es ist zum einen die Silber- und Zinkmine ABCOURT BARVUE und zum anderen die ELDER Goldmine. Das Flaggschiff-Projekt ist die Silber- und Zinkmine ABCOURT BARVUE. Die Open-Pit Mine war früher bereits in Produktion und vom Vorbesitzer wurden 6,2 Millionen Unzen Silber und 164.000 Tonnen Zink gefördert. In den vergangenen Monaten hat das Management mit Hochdruck an der Weiterentwicklung dieses Silber-Zink-Schatzes gearbeitet um die neue National 43-101 Studie sowie die Durchführbarkeitsstudie abzuschließen. Aktuell wird die vorhandene Infrastruktur des Projektes mit 20 Millionen CAD bewertet und die Prognosen der Durchführbarkeitsstudie gehen von einem 10-jährigen Produktionsleben der Mine aus. Bei kalkulierten Metallpreisen von 1,15 USD pro Pfund Zink (aktuell 1,47 USD), 9,54 USD je Unze Silber (aktuell 13,28 USD) und 560 USD je Unze Gold (aktuell 660,00 USD) würde sich die Investition nach bereits 4 Jahren amortisieren und der NPV bei knapp 115 Millionen USD liegen! Kurz um: die Produktion wäre selbst bei fallenden Preisen hochprofitabel! Bei Preisen auf dem aktuellen Niveau würde bereits nach ca. 2 Jahren die komplette Investitionssumme aus dem Verkauf der produzierten Metalle an das Unternehmen zurückfließen!

Die zusätzlichen Explorationsprojekte „Aldermac“ und „Verdome-Barvalee“ sorgen dafür, dass ABCOURT MINES seine Ressourcen während einer zukünftigen Produktion weiter erhöhen kann um somit die Produktionsdauer zu verlängern.

Die ELDER Goldmine ist das zweite hochinteressante Projekt von ABCOURT MINES. Wie auch auf BARVUE ist die ehemalige produzierende Goldmine mit einer sehr guten Infrastruktur ausgestattet. Das Gebiet wurde vor kurzem durch Bohrprogramme weiter erkundet und die Resultate mit beispielsweise 13,64 g/t Gold auf 3,32 Meter oder 40,12 g/t Gold auf 2,09 Meter sehen ebenfalls sehr viel versprechend aus.

Übernahme oder Produktion !?

Mit der bereits vorhandenen National 43-101 Studie und dem Machbarkeitsreport ist ABCOURT MINES zum perfekten Übernahmekandidaten gewachsen! Gerade bereits produzierende Unternehmen dürften gefallen an den weit fortgeschrittenen Minenprojekten von ABCOURT MINES finden. Das Management hat in den letzten Monaten seine Hausaufgaben gemacht und spätestens mit Beendigung der Durchführbarkeitsstudie gezeigt, welch einen Schatz das Unternehmen sein Eigen nennen kann!

Durch die teilweise bereits vorhandenen Anlagen kann das hochprofitable Silber-Zink Projekt in Rekordzeit in Produktion gebracht werden. Unserer Meinung steht nur noch die Frage im Raum, ob ABCOURT MINES selbst diesen Schritt geht oder ob ein Majorunternehmen die Übernahme antritt!

Fazit

ABCOURT MINES (WKN: 862198 / ISIN: CA00288E3005) gehört zu den absoluten Qualitätstiteln im Juniorsektor und ist durch sein erfahrenes Management bestens für die kommenden Monate gerüstet. Da das Unternehmen als ehemaliger Produzent schon über zwei Minen verfügt, gehen wir mit hoher Wahrscheinlichkeit davon aus, dass ABCOURT MINES auf der Wunschliste von einigen größeren Minenunternehmen als geeigneter Übernahmekandidat im Silber- und Zinkbereich steht.
Auf dem aktuellen Niveau sehen wir wenig Risiko bei der Aktie, wobei das Potenzial hervorragend ist. Unser Kursziel bei dieser Rohstoffperle liegt bei 1,50 Euro für die nächsten 6 bis 12 Monate.

http://www.radiofn.com/

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RadioFN Michael Blackstone: Welcome to another segment of RadioFN’s Resource Sector Feature “Canada's Gold Country - More Than Just Gold”. We're pleased to bring to your attention to what appears to be an extremely undervalued advanced stage development and exploration company located in Quebec's Val d'Or district, the hub of Canada's gold country; Abcourt Mines is a Quebec based company that is traded on the TSX Venture Exchange, ticker symbol ABI - also listed on the Frankfurt Exchange. With over 700 million pounds of zinc, 20 million ounces of silver, and over 200,000 ounces of gold (most of these numbers are 43-101 compliant), Abcourt Mines has a proven geological model with which will certainly add substantially to those numbers as exploration on their properties continue. What is particularly noteworthy here is a recent feasibility report on Abcourt's silver zinc mine stated the economic viability of a 10 year mine life based on data to depth of 300 meters - now what is exciting is that this silver/zinc mine shares the same geological model as other producing mines in the area, and those other producing mines in the area are down to as much as 3,000 meters. Now knowing this, it is not uncommon or unreasonable to rationalize significant additional resources from further exploration. Abcourt's key properties, both the silver/zinc mine and gold their gold mine are located along Quebec's Cadillac fault in the prolific Val d'Or district. We have the good fortune to interview a mining expert, Mr. David Bond, who is intimately familiar with the Val d'Or region and Abcourt's key properties, and also two of our case studies management team; Mr. Yves Gagnon, P. Eng., Vice President of Abcourt, a Professional Mining Engineer, and President and CEO of Abcourt Mines, Mr. Renaud Hinse, P. Eng. We will start with David Bond; David is an award winning journalist, he is a regular contributor to Kitco, is an expert in the gold and silver mining industry, and he publishes a web site "Silver Valley Mining Journal" which can be found at silverminers.com. David I understand that you are familiar intimately with the Val d'Or region, can you tell us a little bit about the area?

David Bond, Journalist: I'd be happy to. The Val d'Or area along the Cadillac fault in North Western Quebec is a very very unique and very exciting mining district in the western hemisphere, in fact it has very few peers world wide that I have seen. There's a very very entrenched and and very respected mining culture there, whether you are talking about engineers, geologists, just, the labor pool, the ethic,... it's a good culture, it's a good place for a mine, and that's a good thing because there are allot of mines up there.

RadioFN Michael Blackstone: Well indeed there are allot of producing or developing miners in that area such as Agnico Eagle, Richmont, Breakwater, and Xstrata. I understand it is a heavily mineralized area and significant amounts of gold historically along with base metals and silver certainly are present.

David Bond, Journalist: Well that's true and interestingly, Agnico Eagle, which is probably the largest outfit up there has busted through kind of a lens and they will be mining gold at depths of 3 - 4,000 meters and pretty exciting stuff. So the prevalence of mineralized country along the Cadillac fault and in the Val d'Or district continues to grow.

RadioFN Michael Blackstone: So obviously with such a large industry they must have very good infrastructure.

David Bond, Journalist: That's correct, and that's another thing; it's a mining friendly infrastructure there, and Abcourt stands to benefit greatly from that - you know the powers in, the roads are in, the bureaucracy's in if you will; it's mining sensitive part of the world both from a tax structure point of view and from a permitting point of view.

RadioFN Michael Blackstone: Now David you're an independent mining expert, you've been to the Abcourt-Barvue silver/zinc mine and their Elder gold property. You're someone who can speak with authority on the Company and their prospects, tell us what are your thoughts.

David Bond, Journalist: You know I'm paying really close attention to Abcourt because we know the ore body is a known quantity, except that it can only get bigger as prices improve or as more exploration work is done. The metallurgy is off the shelf, the infrastructure is there, you know - you can go to a place in Africa or South America and you can see great results, and great drill holes but you know you might have to build a 500 km or 1000 km road there, you might have to build a hydro dam or something just to make this thing run - this is off the shelf; easy to mill, easy to sell - it'll be an easy easy concentrate to market. You know there's a downside to every mining project but in this case that would only be price and price does not concern me. You asked about that earlier, I won't make predictions but as the US dollar continues to shrink in value as do all fiat currencies and with the growth you have in Asia, you know this - okay we get a set back in lead or zinc of 10 or even 15% once in a while - that's a correction, the fact is these emerging economies are going to continue to need base metals and they are going t continue to need precious metals, especially silver in their high-tech areas as well as for money.

RadioFN Michael Blackstone: Excellent David. May I ask you for your final comment.

David Bond, Journalist: Well I would sum up if I might. A mining stock is a little bit like going to the race track; some guys bet on jockeys, some guys bet on horses, some guys bet on the track... I think in the case of Abcourt you've got a great horse, you've got a great jockey and you're playing on one of the best tracks in the world.

RadioFN Michael Blackstone: Thank you for that analogy David and thank you for joining us today. Next we have with us Mr. Yves Gagnon, P. Eng., he's the Vice President, of Abcourt Mines, he is also a Director, Mr. Gagnon is a Professional Geological Engineer, and he's an expert in all aspects of base metals exploration for massive sulfides and metallic deposits. Welcome to the program, thank you for joining us. Now Yeves I understand Abcourt recently received a feasibility report which stated economic viability on an open pit mine with a ten year mine life. That report is based on a depth of only 300 meters or approximately 1000 feet. I understand there are miners in close proximity of Abcourt's Barvue silver/zinc mine that are down to depth as much as several thousand feet, is that correct?

Yves Gagnon, P. Eng.: Yes, yes that's a fact. If you just take for instance, if you compare ourselves to the depth of other mines in the area; the Laronde Mine which is now exploited by Agnico Eagle - they're working at about 10,000 feet. Okay. The Sigma and Lamac Mines both went down to 6,000 and even the Noranda former sulfide mines - copper and gold mines, went down to 7,000 feet.

RadioFN Michael Blackstone: So certainly the project is open to depth.

Yves Gagnon, P. Eng.: It is.

RadioFN Michael Blackstone: And in width from what I understand there is a mile and a half open-pitable surface, is that correct?

Yves Gagnon, P. Eng.: Yes, well if you call it the width, it's the length - the area laterally where the zone extends, okay, more or less east-west. Okay, that's over 1.6 miles, that's right, and it's still open on both sides. Okay, and there's a faulting on one side that we are looking for the zone on the other side and we think that we discovered it recently, and same thing at depth - it's all open. And the total resources of that big package is around 7 million tonnes of measured and indicated resources. Those are the 43-101 rules now and to that you have an additional 1.5 million tonnes of inferred resources.

RadioFN Michael Blackstone: So essentially going down to that depth there's tremendous possibility, or outstanding, or enormous potential for adding to known resources.

Yves Gagnon, P. Eng.: You're right, you're right, it's a possibility to double or triple or whatever, if you compared ourselves to the depth that other mines went down to and the other thing that I must maybe put some light on is the fact that we are working with sulfide associated mineralization, okay, so it is usually much more extensive than veins. Veins or veinlets are in time and places and volumes - you can not extend those things on very very long distances.

RadioFN Michael Blackstone: It appears to me that with a ten year mine life based on 300 meters and an open pit of a mile and a half that once you chew through that depth you can just simply continue digging deeper for more product. There's an old saying in the mining industry that you've probably heard, that "if you want to find mine, you simply look beneath the one that exists".

Yves Gagnon, P. Eng.: Yes well in fact if you look at the recent history in the Val d'Or camp, the Louie Court mine was found found just underneath the former little deposit that was exploited in the years 35 to 45 I think, so that new deposit was just standing there hidden a little deeper.

RadioFN Michael Blackstone: Now, in addition Abcourt has another key property, the once past producing Elder gold mine. Can you please tell us a little bit about the Elder project?

Yves Gagnon, P. Eng.: Well that deposit is located just west of Rouyn-Noranda, okay, it's another site where great potential exists to add to the gold resources we already have. Those resources were recently evaluated and a 43-101 report just came out for those.

RadioFN Michael Blackstone: And what are those number?

Yves Gagnon, P. Eng.: Measured and indicated resources were about half a million tonnes of 0.224 ounces of gold per tonne and there's an additional inferred resources of 185,000 tonnes also of 0.234 ounces of gold per tonne. So that's again very interesting.

RadioFN Michael Blackstone: Very impressive actually.

Yves Gagnon, P. Eng.: Yep, impressive, interesting also by the grades, okay, because those grades are a little over the average that you find usually, which is in between 0.15 and 0.2.

RadioFN Michael Blackstone: That's interesting.

Yves Gagnon, P. Eng.: On Elder we do have a 2,500 foot shaft which is in there, okay, with 14 levels, because there was production on Elder before. Okay. Gold was produced in there, the gold ore was sent to the Noranda smelter as flux for their milling process, so they recovered the gold at the same time then they were helping their copper recovering process. And that shaft is there, still existing, it's developed on 14 levels but the shaft is going down to below the 16th level. Oaky. The 15th and 16th level are not developed, but those are part of the exploration we are planning to do, okay, developing those two levels and adding some between 500 and 1000 feet below what we already know to the 14th level.

RadioFN Michael Blackstone: And currently the 14th level is down to what depth?

Yves Gagnon, P. Eng.: It's about 2,100 more or less.

RadioFN Michael Blackstone: So being a past producer one would expect the infrastructure at Elder to be fairly well developed, can you talk a little about that please.

Yves Gagnon, P. Eng.: Infrastructure we have at the Elder project, because the shaft is there, the headframe is there, offices, the hoist is there, so we do have about $12 million in value only in equipment on top of that deposit.

RadioFN Michael Blackstone: Just an observation here is that the equipment you just spoke of is just at Elder alone and there's other equipment as well. Now the replacement value of this equipment is close to the current market cap of Abcourt thus offering an attractive entry for investors now, you know especially with known economic silver & zinc deposit plus the gold mine as well and also room to grow on these numbers. Now can you tell us about this other equipment and where about is it?

Yves Gagnon, P. Eng.: In the Barvue area if you look at the equipment that we have, because we do have the former scoops that were used underground, we do have jumbos, we do have some equipment also in there. Again there's between $10M and $12 million value of a in quotes "new stock", but equipment that we have which is in there, so only those two things are essentially making the value that market is giving us today.

RadioFN Michael Blackstone: And adjacent to the Elder gold mine is your Tagami property, tell us about that Yves.

Yves Gagnon, P. Eng.: Essentially the Tagami is the extension of a number of structures that we have on the Elder project. Okay, those structures are - and the property is adjacent, so if ever we want - if the grade is good enough or the depth or the slope of those zones are good enough, it could be developed underground from our existing property or if there is something from surface then we can develop it straight from open pitting. The point interesting in there is that we do have a number of structures with grades up to 0.34 ounces of gold per tonne over 4.5 foot intervals, so that's something very interesting, high grade stuff.

RadioFN Michael Blackstone: Yves thank you so much for that insight and for joining us. Now we will speak with Abcourt President Mr. Renaud Hinse, P. Eng. Mr. Renaud Hinse a mining geological engineer with over 50 years experience in the industry. Mr. Hinse perhaps you can briefly speak on the side of the Barvue silver/zinc mine feasibility report that you've recently just received and perhaps on the numbers that we can attribute to this known deposit, lets say the worst case if you were to proceed proceed mining this property and building a mill from scratch with new equipment.

Renaud Hinse, P. Eng/President.: On that basis, with 60% debt and 40% equity, we have a net present value of $82 million and a rate of return after tax of 20%, the pay-back period is 5 years. If we do 100% equity, the internal rate of return is 27%, the NPV value is $89 million, the EBITA - that's the cash flow is $232 million and after taxes it comes down to about $182 million, this is over a period of 10 years. The break even price for us, only for operating costs is $43 cents US per pound, so this indicates if were not vulnerable to an eventual drop in the price of zinc, although lots of analysts right now think that the price of zinc will remain high for several years.

RadioFN Michael Blackstone: Those are fantastic numbers and we're told that those numbers are easily improved upon by sourcing used equipment and a used mill of which we understand are available in the area. We would like to thank Mr. Hinse for that information and for joining us today. That concludes our interview on "Canada's Gold Country - More Than Just Gold" with Mr. David Bond, Mr. Yves Gagnon, and Mr. Renaud Hinse. For more information on Abcourt Mines the Company's website is Abcourt.com. For RadioFN I'm Michael Blackstone.