New York, NY (PRWEB) November 6, 2007
Precious Metals Review of Abcourt Mines Inc. (TSX VENTURE:ABI) (OTCBB: ABMBF), offering insight and opportunity afforded investors as Abcourt progresses towards taking the open pit Abcourt-Barvue Silver-Zinc Project back into production and analyst issues recommendation investment opinion.
The full Precious Metals Review / Valuation Alert Special Situation Advisory with chart may be seen at http://preciousmetalsreview.com/valuation_review.PDF.
Excerpts:
"Now is the Time to Consider Abcourt…
A recent analyst report (copy available here [PDF]) 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 valued at over one billion US dollars which the Company's independent feasibility report indicates as economically mineable with a 13 year mine life. This one project alone is significantly discounted with the market capitalization of Abcourt Mines Inc. under CDN$20M; Abcourt Mines has 278,830 metric tons of zinc resources and 19,644,354 ounces of silver at the Abcourt-Barvue project, they also have 198,744 ounces of gold at it's Elder Gold Project. Additonally Abcourt Mines owns an existing mill and equipment which estimated value exceeds its current market-cap. ... The Analyst provides a compelling risk-reward picture for inventors, explaining how Abcourt will realize a multiple expansion (p / Zn equiv.) 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. "
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