Abcourt Mines Inc./ ABI (CVE)

    Ein Bericht von Christian Wirth
    http://www.gold-eagle.com/editorials_05/wirth052505.html


    ABCOURT Mines - Quebec Silver Miner


    Christian Wirth


    Near term silver and zinc production


    Abcourt Mines is an exciting and unknown development and exploration company with properties located in Quebec, Canada. The province of Quebec is recognised industry wide as a jurisdiction which is very mining friendly. Abcourt is a 100% owner of both a past producing silver-zinc mine located near Val d'Or, Quebec and a past producing gold-copper mine located near Rouyn-Noranda, Quebec. The company is now focused on its silver-zinc mine and has optioned the gold mine to Tom Exploration.


    The Abcourt-Barvue silver-zinc mine was placed into production by Abcourt in 1985 after an expenditure of $20 M. In 1990, with falling prices for silver and an anticipated drop in the price of zinc, production was put on hold. Between 1985 and 1990, Abcourt produced 697,016 short tons of ore grading 3.84 ounces of silver per short ton and 5.04% zinc representing 2.67 M ounces of silver and 34,850 tons of zinc. During the past 15 years, management has avoided a strong dilution of the share structure by issuing only a minimum of shares to cover any necessary expenses. Actually, there are only about 29 million shares outstanding which leads to the tiny market cap of approximately US$ 5.5 million.


    Renaud Hinse, the CEO of Abcourt is also the largest shareholder. The Hinse family holds 30% of outstanding shares.


    Property highlights.


    The existing known resource at the silver-zinc property consists of 20.8 million ounces of silver and 659 million pounds of zinc. These numbers are National Instrument 43-101 compliant. While in production, exploration of the property will continue.


    Being a past producer, Abcourt has existing infrastructure valued at $12,000,000 Canadian at their silver-zinc mine. The equipment has been very well maintained. Due to the fact that the ore body is near surface, the first five years of production will be done through open pit mining which will reduce overall expenses.


    The taxation situation is another positive for Abcourt Mines. Abcourt has administrative general expenses deferred exploration and non depreciated capital assets totalling $10,394,447 at the federal level and $4,747,813 at the provincial level, deferred for income tax purposes which may be deducted from future taxable income. In addition Abcourt has net capital losses totalling $ 2,169,374, which may be used against future taxable capital gains.


    Another property of Abcourt Mines is the Vendome-Barvallée property which is located 7 miles from the Abcourt-Barvue property. This property covers 1520 hectares and 38 claims. Past drillings have indicated a rich ore body of silver, gold, zinc and copper. This property will be a future producer and also offers great exploration potential.


    The 100% owned Elder gold Property was optioned to T.O.M. Exploration. Abcourt will receive $3 Million over the next 30 months. In addition, Abcourt holds 500.000 shares of TOM and will earn royalties when Tom goes to production.


    Share structure


    Abcourt Mines
    ABI.V (Toronto Venture Exchange):
    Issued Shares : 29,278,548 Category B. (Common) shares
    Warrants : 485,000 exercisable as 242,500 Cat B. (Common) shares before June 30,2006 at $0.26 CDN
    Total Outstanding : 29,821,048 Category B. (Common) shares


    Currently, there is a financing ongoing which will raise sufficient funds in order to complete a feasibility study and a 30 hole summer drill program. The results of the drill program will increase and upgrade the known resource. The completion of the feasibility study is a requirement for the 2006 re-opening of the Abcourt-Barvue mine.


    Conclusion: What you get for your money!


    Abcourt is managed by a very qualified management team with experience in both exploration and production. Abcourt is a proven entity, a past producer who has survived a 15 year bear market without excessive dilution of the company shares. The company has no debt. Management has followed the "silver story" closely and is now committed to positioning the company for the anticipated strong move up in metal prices, silver in particular. In an effort to get their story out, Abcourt was recently listed on the Berlin Exchange and every effort will be made to promote Abcourt internationally.


    Website: http://www.abcourt.com


    Contacts:
    Renaud Hinse, president & CEO
    Tel : (819) 768-2857
    Tel : (450) 446-5511
    e-mail rhinse@abcourt.com


    Joe O'Brien, Investor Relations
    Tel : (416) 750-8041
    e-mail jobrien@abcourt.com


    Disclaimer:
    Christian Wirth is a German resident who owns shares of Abcourt. He has not been paid by Abcourt for writing the essay. Do your own due diligence. The essay is not investment advice.

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

    So frech wie ich war habe ich heute ein drittel mehr von ABI gekauft und den Preis ein wenig in die hoehe getrieben. War nichts zu machen bei 0.22 CAD.
    Kaeufer fuer den Auftrag waren erst bei 0.25 CAD da. Habe jetzt eine gute pool position, ab in die Schublade. :]

    Mont-St-Hilaire, Quebec, Canada, June 28, 2005


    ABCOURT MINES DRILLING CONTRACT AWARDED TO A VAL-D’OR CONTRACTOR.


    Abcourt Mines Inc. has given a diamond drilling contract for a minimum of 35 holes totalling 4,400 meters on the Abcourt-Barvue silver/zinc property to a Val-d’Or, Quebec, contractor. The drilling will start at the beginning of July and the objective is to increase and improve the quality of the resource that may be extracted by open pit at depths of 60 to 120 meters. The drilling results will influence our mining plans. Our objective is to be in production in eighteen (18) months from now. Abcourt has a competent management team to realize this work program.


    A National Instrument 43-101 resource calculation recently completed by Innovexplo of Val-d’Or, Quebec, indicates that the Abcourt-Barvue property has a resource close to 7 million tonnes in measured, indicated and inferred categories. For more details see our Press Release dated March 31, 2005.

    auf stockhouse.com gefunden!


    Update from investor Relations
    The drilling is set to begin at the Abcourt-Barvue Mine on Monday July 11th. The driller will operate around the clock Monday through Friday with alternating 12 hour shifts. The drilling will continue for the next eight to nine weeks. The contract calls for a total of 35 holes.


    The first 20 holes will be drilled on the section of the property where 5 new open pits are planned. The company will study the core samples with the intention of acquiring more detailed information on grades and widths at additional depths. The results will prove to be invaluable when Abcourt goes to production. The results of the drill program at this section of the property will dictate the location and size of our first open pits.


    The remaining 15 holes will be drilled at the east end of the property where an open pit operated from 1952 through 1957. The company will drill at the east end of the existing open pit with the intention of identifying open pit ore in that direction.


    In the past, 1,100 holes have been drilled on our property. Much of the data has been digitalized. Over the next few months we will be adding to the wealth of information that we have on our 1.6 mile ore body. You can expect to see a news release every 2-3 weeks with core sample results of 8 to 9 holes at a time. We are confident that this drilling will add to the known resource of 21 million ounces silver and 659 million pounds of zinc.


    Renaud Hinse is currently at the mine to supervise the preparation and start up of the drill program. When silver and zinc make their anticipated “BIG” move up, Abcourt should be in a great position to take full advantage of the situation.

    @ bobelle


    Ich glaube, dass wir einen hervorragenden Zeitpunkt haben um Abcourt nachzukaufen (leider, habe schon eine Tonne davon!) Fundamental hat sich nichts geaendert. Der Verkaufsdruck kommt meiner Meinung nach vom Northern Miner (Investmentbank). Die haben durch das PP Aktien erhalten, die sie jetzt auf Teufel komm raus auf den Markt werfen.
    Im Moment finden Bohrungen statt. Es wird noch so etwa 30 Tage gebohrt, um die Position des Open Pits festzulegen. Die Resourcen sollten sich durch die Bohrungen weiter erhoehen.
    So gute Zeiten warten auf uns. Jedoch ist Geduld angesagt.


    Gruesse, newtechxl

    Das alte Spielchen:
    Bewerbung in D startet und dann fällt das Ding.


    Aber jetzt sind wirklich Kaufkurse. Steht ganz oben auf meiner Liste.
    Weil hook hab ich keinen gefunden trotz Suche.


    Tschonko

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