Abcourt Mines - Silber-Zinkplay aus Quebec

Silberguru Jason Hommel schrieb:

ABI.V ABMBF.PK (Abcourt Mines) (I own shares)
www.abcourt.com/
jftremblay@abcourt.com Jeff Tremblay (IR) (41 575-1169 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)

www.gold-eagle.com/editorials_05/wirth052505.html

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

Die Feasibilitystudie (Durchführbarkeitsstudie) besagt, dass ab 53 cent Zink und 7 Dollar Silber die Produktion profitabel ist.

Zink ist bei 85 cent und Silber bei fast 9 Dollar.

www.kitcometals.com/charts/zinc_historical.html

Besser so fuer Abcourt

Abcourt axes option agreement; reclaims Elder, Tagami

2006-01-05 09:26 ET - News Release

Mr. Renaud Hinse reports

ABCOURT MINES INC. REGAINS CONTROL OF THE ELDER AND TAGAMI GOLD PROPERTIES

ABI.V (Toronto Venture Exchange)

Abcourt Mines Inc. has terminated the option on the properties that was granted
to Tom Exploration Inc. of Rouyn-Noranda in September, 2004, as Tom Exploration
has not satisfied all its obligations within the time allocated. In September,
2004, with gold prices close to $400 (U.S.), Abcourt made a decision to option
its gold properties to Tom to improve its financial position and to focus its
efforts on the Abcourt-Barvue silver and zinc project near Val d'Or, Que.

In light of the current improvement in the price of gold and with the
possibility of raising funds by the issue of equity, Abcourt is pleased to once
again control these properties. A major exploration program with the objective
of increasing substantially the existing historic mineral resources is planned.
The mine was rehabilitated and explored between 1984 and 1989, and again between
1995 and 1996. The gold resources of 140,000 ounces are presented as historic
numbers as they were calculated prior to the introduction of National
Instrument 43-101. The Elder gold mine has at least $12-million in
infrastructures and is located not far from several custom gold mills in the
Rouyn-Noranda Val d'Or area and near the Falconbridge smelter in Rouyn-Noranda,
where some of the ore may be used as flux. The Tagami property has several gold
veins with indications of high-grade material in the West Gold showing, where
additional exploration is planned.

Sollte bald rauskommen!!! Dann geht es auf 2 Euro!!!