|We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.|
Abcourt is resource rich with 750 Million lbs Zinc, 24 Million Oz Silver, 260k+ Oz Gold (43-101 measured and indicated resources on most numbers). They currently have only 45 Million shares (at time of writing this) outstanding and are trading well under US$1.00 per share; Extrapolate those numbers and ABI.V appears grossly undervalued.
With in excess of one billion US dollars zinc resource and a 13 year mine life Abcourt is identified in newly issued analysts report with 100%+ near term upside valuation from numerous potential project scenarios/catalysts. Report is located here: sectornewswire.com
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.
The Analyst provides a compelling risk-reward picture for inventors as Abcourt is currently undervalued at between a mere $0.01 - $0.02 per Zn-equivalent lb found at the Abcourt-Barvue project alone, a level at the low end generally attributed to earlier stage exploration companies with resources. The currently share price is only attributing value to the in-ground zinc resources at the Abcourt-Barvue project - ignoring its large silver resources, other properties and the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites.
Abcourt now has active programs at several base metal properties and a gold property (all 100% owned), all located in Quebec’s prolific Abitibi Greenstone Belt:
1. The Abcourt-Barvue Zinc-Silver property unifies two past producers with significant exploration/development work. It has been the subject of a recent optimized feasibility study on a 500 million lb. Zn, 13+ million ounce Ag orebody over a 13 year minelife. Additional inferred resources and clear exploration potential could result in a long life asset. Abcourt is continuing with a development program at Abcourt-Barvue (permitting, raising financing, etc.).
2. Elder Gold Property. Plans are to re-open the 43-101 compliant 200,000 ounce gold resource following a successful drill program in2005/06.
3. The Jonpol Copper-Zinc-Silver property has known resources and short term exploration potential to add more. Jonpol also represents a historic target for a large massive sulphide deposit. A $300,000, 2500 meter drill program has begun.
4. The Aldermac Zinc-Copper property, with known resources at the previous mine and undeveloped high grade discovery/resource in 1987/88. There is considerable valuable underground development. Abcourt is now preparing for a $300,000 drilling program there.
Corporate Website: abcourt.com
Analyst Report: sectornewswire.com
|© 2020 Knight Sac Media. Data provided by IEX, Alpha Vantage, Coinbase, Binance, Fintel and CityFALCON News|