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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?


To: morrie who wrote (368)8/9/1999 11:56:00 PM
From: Berry Picker  Read Replies (1) | Respond to of 397
 
This is not the only play Abacus has going...

It also has a project at Niblack in Alaska. That project has already proven up about 3mil tonnes that grade 3%zinc 2%copper and about an ounce of silver per tonne. They need 5mil for a long term mine.

The government just gave them a 2.5 million dollars to finish up !

They believe they will have no trouble proving up 7 mil tonnes. They are JV'ed on the property and so their partner Teck Corp will likely help out with even more cash. They may need 5 mil to prove up the rest so they only need 2.5 more minus whatever Teck hands over. If the drills in Portugal hit within the next month they could do a PP for dollars instead of cents to cover their costs if any to bring this site into production.

Either one of these projects can send this stock into the dollars

Do your own dd @ abacusminerals.com

Also Call Allen and ask about the Argentina site 1 800 811 5388