Richly Rewarding Metrics Behind Abcourt Mines Inc. 750 Million lb Zinc, 20 Million Oz Silver and 220K Oz Gold Mine Projects Explored in Mining MarketW
Seattle, WA (PRWeb) February 1, 2007 - Mining MarketWatch Journal has published a review that breaks down the metrics behind the Abcourt Mines Inc., offering insight and opportunity on the reopening of their 100% owned Abcourt-Barvue Zinc-Silver mine and expansion of the resource base on their Elder gold mine. A copy of the informative piece may be viewed free of charge at http://www.miningmarketwatch.net/abi.htm .
Editor's notes from the review: "750 Million lbs Zinc, 21 Milllion Oz Silver, 220k Oz Gold. 43-101 measured and indicated resources on most numbers. Only 43 Million shares out and trading under a mere dollar; extrapolate those numbers and Abcourt Mines Inc. appears grossly undervalued, we get a share value over $40.00 per share of in ground value. This Company will become a major cash cow! Currently producing or developing miners in this mineral rich area include the likes of Agnico Eagle Mines Ltd., IAMGold Corp, Richmont Mines Inc., Breakwater Resources Ltd. and Xstrata Plc. It wouldn't surprise us to see a buy-out offer from any of the aforementioned miners. A feasibility study is imminent and is likely to improve on what we already know. Abcourt Mines Inc. appears grossly undervalued with current disproportionate multiples as inherit resource and infrastructure value per share is well in excess of the current trading price. Any number of catalysts will likely propel Abcourt Mines Inc's share price substantially higher."
Excerpts from the review: "Abcourt will reopen their 100% owned Abcourt-Barvue Zinc-Silver mine. Production was put on hold in 1990 when silver prices were falling and there was an anticipated drop in the price of zinc. The equipment was mothballed for a timely reemergence and it appears the necessary right determining steps and requirements to revive the highly profitable operation are well underway. The company is debt free and has managed to maintain and upgrade their properties, equipment, and resources during the hiatus all without diluting the share structure … Abcourt's other prize asset is their 100% interest in the past producing (1947 - 1966) Elder gold mine located 60 miles from their silver zinc project in Northwestern Quebec. Abcourt recently completed a 7000 meter, 40 hole drill program on this Elder gold property that will increase existing resources. Initial results are extremely encouraging. Similarly to the Abcourt-Barvue mine, Elder gold mine has a substantial amount of well maintained and upgraded infrastructure in place. The geological model the company believes in for the Elder gold property, holds the potential for 1.5M tones of ore grading approx. 0.2 oz of gold per ton. The initial proceeds from the Abcourt-Barvue Zinc-Silver mine operation will finance the reopening of the Elder gold mine."
A copy of the informative piece may be viewed free of charge at http://www.miningmarketwatch.net/abi.htm .
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