Gold and Silver Equities On Sale and Poised to Move - Abcourt Mines Progressing Toward Gold Production at Past-Producer in Quebec

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Precious metals equities are experiencing a disconnect relative to physical gold and silver prices. Astute investors would be wise to acknowledge the disconnect will not last, historical trading multiples will be respected, and now is the time to have a shopping list to act on. The fundamentals for precious metal mining equities end product are strong and shares in the sector have made a transition from weak hands to strong hands, positioning entities with serious intrinsic value as poised to make a move in their inexpensive state. One would be wise to consider Abcourt Mines Inc. which is the subject of a Precious Metals Review this week.

Abcourt Mines Inc. appears dramatically undervalued as it progresses towards taking back into production two past producing mines in mining-friendly Quebec. Currently trading under CDN$0.13 cents per share Abcourt has a market cap under $19M CAD, ~$5M in the bank, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.

Shares outstanding: 153,284,772; The current share price is only attributing minimal value to the in-ground zinc resources at the Abcourt-Barvue project alone (currently trading at less than $0.03 per Zn lb found at the Abcourt-Barvue project alone, a level generally attributed to earlier stage exploration companies with resources), ignoring 1) its large ~20 million oz silver resources, 2) the 405,000+ oz gold resources at Elder, 3) large resource growth potential, 4) its other properties, and 5) the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites.

The full Precious Metals Review with chart may be found at http://sectornewswire.com/PMRabiMay-2012.pdf online.

Abcourt Mines Inc. recently released an updated Gold resource calculation at the past producing Elder gold mine near Rouyn-Noranda, Quebec. With 288,944 Measured and Indicated oz of gold, Abcourt is advancing toward taking back into production this advanced stage past producing underground gold mine. From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold and is maintained with the equipment and infrastructure in place. The Elder Gold Mine is one of two near term production scenarios in northwestern Quebec that Abcourt possesses with its Elder gold mine as the priority due to its low capex.

Elder is an advanced stage past producing underground gold mine project with equipment and infrastructure in place. It is expected Abcourt will begin first by extracting ore from the limit of the old 5th, 6th, 7th, 8th and 9th levels of the mine where the bulk of the ore is. Infrastructure appears to be well preserved and only nominal development costs (~$10M possibly) to access the new ore at these levels and begin cash flowing may be required.

The upcoming changes and projected cash flow metrics will position shares of Abcourt as an improved quality of equity for investors; the PEA is expected to affirm 22,500+ oz gold per annum for close to a decade with a cash cost of ~US$650 per oz. Elder is currently developed to ~2000 feet and has large resource expansion potential; it is open at depth and along strike, plus 2011 drilling revealed a new gold zone just under the old one. Greenstone belts run deep, there are mines at 8,000 - 10,000+ feet and statistically over the life of the mine the average produces ~8+ times the original estimates.

Abcourt Mines' other project is the Abcourt-Barvue Silver-Zinc Project which has a sizeable economically recoverable resource deposit that Abcourt's two newest directors (both of which were instrumental in the sale of Canadian Royalties Inc. to Jilin Jien of China) will become helpful in advancing to fruition. The Abcourt-Barvue project is an advanced past producing open pit silver-zinc mine project with infrastructure in place and a resource of 19,644,354 ounces Silver, 278,820 Metric Tonnes Zinc. A feasibility study is in place on a 500 million lb. Zn, 13+ million ounce Ag orebody over a 13 year minelife based on a 650,000 TPY (tonnes per year) operation -- Abcourt has plans to improve on the this to 1 million TPY operation.

The full Precious Metals Review with chart may be found at http://sectornewswire.com/PMRabiMay-2012.pdf online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URL.

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James O'Rourke
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