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New Abcourt Mines Silver Values are One More Reason to be Long in Anticipation of Developments - Abcourt Mines Inc. (TSX VENTURE: ABI) presents tremendous upside potential for investors and the new silver numbers from drilling results on its Jonpol property make the mining entity even more attractive - MiningMarketWatch.net
New Abcourt Mines Silver Values are One More Reason to be Long in Anticipation of Developments

 

NewswireToday - /newswire/ - New York, NY, United States, 2007/11/16 - Abcourt Mines Inc. (TSX VENTURE: ABI) presents tremendous upside potential for investors and the new silver numbers from drilling results on its Jonpol property make the mining entity even more attractive - MiningMarketWatch.net.

   
 
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Abcourt mines Inc. released news this week of favourable silver numbers from drilling on its Jonpol property in Quebec. The Jonpol is becoming to be better understood and what was a newer side addition to massively undervalued entity is shaping up to be a good deal on its own. Abcourt Mines Inc. appears grossly undervalued as inherit resource and infrastructure value per share is well in excess of the current trading price. Abcourt presents tremendous upside potential for investors and the new silver numbers from drilling results on its Jonpol property make the mining entity even more attractive.

Abcourt currently has five projects which are heavily discounted at current share price valuation; two of the projects are past producing mines that the Company plans to bring back into production. Their Abcourt-Barveau silver-zinc deposit alone has significant resources which the Company's independent feasibility report indicates as economically mineable with an initial 13 year mine life, significant expansion potential, 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 750 Million lb of zinc resources, has 19,644,354 ounces of silver at the Abcourt-Barvue project, and also has 198,744 ounces of gold at their past producing Elder Gold Mine Project. The metrics are very compelling and warrant familiarization by investors as the downside appears minimal considering the low market cap and the large upside potential.

The confidence in expanding both its zinc-silver and gold mine resource base is large as currently producing or developing miners in this mineral rich area that appear to share a similar geological model to Abcourt are mining to significantly greater depths. Abcourt is thus wide open to expansion similar to the likes of area miners Agnico-Eagle Mines Ltd. (TSX: AEM) (NYSE: AEM) and IAMGold Corporation (NYSE: IAG) among others.

The recent silver numbers found in the Corporate release are can be viewed at SectorNewswire.com and certainly complements the compelling risk-reward picture for inventors. Abcourt is currently undervalued as a likely near term zinc producer; one recent analyst pointed out that Abcourt is trading 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. Currently the 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.

This article 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. Reports herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the disclaimer and disclosure section.

 
 
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New Abcourt Mines Silver Values are One More Reason to be Long in Anticipation of Developments

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