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ost... que j'ai hate!

Je m'attends PEA (évaluation économique préliminaire) la semaine prochaine! Mon ami dis....

I would expect PEA (preliminary economic assessment) in the next week! -- Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) last week provided an update on the developments undertaken at its 100% owned Elder Gold Mine which it is planning to take back into production. From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. From the summary they provided and what I know 1) Dewatering is nearing completion, 2) infrastructure is being upgraded, 3) equipment has been purchased, and 4) a Preliminary Economic Assessment is expected by the end of this September.

For those not up on the company a good review to bring yourself up to speed is at http://miningmarketwatch.net/abi.htm -- valuation wise: currently trading under CDN$0.14 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, 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: 162,034,772 (~240K fully diluted, however most warrants will expire out of money); 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 ~20M oz silver resources, 2) the 405K+ oz gold resources at Elder, 3) its other properties, and 4) the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites.