Finance Articles
Develop Your Domain Names
Cooper Research Analyst Initiates Coverage on Abcourt Mines Inc., Speculative Buy With 100% + Upside Target Investment Opinion
Seattle, WA (PRWeb) February 28, 2007 -- Michael Cooper, CFA of Cooper Financial Research initiates coverage on Abcourt Mines Inc. (TSX VENTURE:ABI). The Cooper Research Analyst has initiated coverage on Abcourt Mines with a Speculative Buy recommendation and a price target of $1.50 per share. The price target is grounded equally by the relative valuation of reserves as well as discounted cash flow analysis of the mining project that ABI proceeds to launch. The report states ABI is undervalued at the current price of $0.68 per share.
The qualified Certified Financial Analyst report may be viewed free of charge at: http://www.MadisonAveResearch.com/AnalystPDFabi.htm
A per share price of $1.79 based on relative valuation was derived from comparables of existing miners and producers included in the report; Richmont Mines Inc., Yukon Zinc Corp., Queenston Mining Inc., and Eagle Plains Resources Ltd.
Investment Highlights from the report:
- Exposure to zinc and silver markets.
- Experienced management with years mining and exploring ABI's property in the past.
- Over $20 million mining infrastructure in-place at Barvue, over $20 million of infrastructure in-place at Elder property.
- Benefits from being located in Val-d'Or region.
- First 10 year mine life expected to produce $290 million EBIT from zinc and silver.
- Shallow depth of mineral resources at Barvue-Abcourt allows low cost mine structure.
- Additional upside expected by extending the mine to 13 years based on additional measured and indicated resources.
- Additional upside available from other exploration properties.
- $10 million in tax loss carry forwards will shelter mine income taxes.
- Risk is reduced as ABI is expected to start producing cash flow within 18 months.
- ABI is a potential acquisition target.
In February 2007, ABI.V completed a feasibility study of its Barvue-Abcourt mine in the Abitibi (north of Cadillac Belt) Region of, Quebec , Canada where once operational, an 1800 tonne per day mill will allow ABI.V to realize 35,765,000 lbs zinc, 864,000 oz silver and 2,500 oz gold annually. This property was previously in production with an open pit and an underground mine during two different historical periods. ($145 million of ore was produced at current commodity prices). The project will consist of a series of three open pits and the development of an underground mine to produce silver-gold ingots and a zinc-silver concentrate. An in-situ mineral resource for Barvue-Abcourt was calculated in May 2006 according to guides set fourth in NI 43-101 and has since been reclassified as ore reserves.
The qualified Certified Financial Analyst report may be viewed free of charge at: http://www.MadisonAveResearch.com/AnalystPDFabi.htm
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. 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 at the bottom of the report and at the bottom of the following URL http://www.MadisonAveResearch.com/AnalystPDFabi.htm
###
Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
Thinking About An Investment Retirement Account?
An investment retirement account is a retirement fund, which not only allows people to save for the future but also do business with the money that they put aside. In effect, investment accounts allow people to earn and save more for retirement. This is because the money is put into business, and in effect the capital increases in value. In the past, there have been many kinds of investment accounts, and many more emerge for use today. Because of this, employees have a wide range of choices for investing.
Escaping the Mortgage and Real Estate Quagmire
Escaping the Mortgage and Real Estate Quagmire Posted on November 20th, 2007 by The Mortgage Guy http://express-home-mortgage.com/blog
The Collaborative Communications Summit Expands Boundaries, Launches Inaugural Health IT Investment Forum
The Collaborative Communications Summit (CCS), best known for its Health IT conference - Transforming Healthcare through Health Information Technology, is launching the Inaugural Health IT Investment Forum in September 2008, in New York City. The 2008 CCS HIT Investment Forum is designed to bring together leading investors, market leaders, and high-growth companies, from across the finance and healthcare industries, focused on health IT.
June Tip Sheet from Canterbury Investment Management
A Monthly Resource for Journalists Covering Boomers, Lifestyle, Finances, & Retirement
First Mortgage 'Actively Encourage' Clients to Use the Homestake Mortgage Scheme
First Mortgage, the UK's specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients to consider using the Homestake scheme when assessing their suitability for a mortgage.
Borrow Money From Those You Know In Order To Start Up Your Internet Business
Borrow money for your start up from friends, relatives, or life long associates. Don?t be shy to borrow money from family and friends. Did you know that the founder of Wal-Mart, Sam Walton borrowed $20,000 from his father-in-law?
Is it Safe to Use Online Car Finance?
Online car finance is convenient. You can apply over the net and shop around for a good deal from the comfort of your home.
Alternative to Accounting Software Licensing - Open Source VS Commercial
For commercial company with development team to integrate financial solution into their existing system, open source accounting or accounting software with royalty free source code.
Stock Investment Advice
Stock investment advice is easy to find. Do you get cold called by brokers with the latest investment tip? I have, as have countless others around the globe.
Online Accounting Education?- What You Should Know
The profession of accounting is flourishing. This career path offers a great salary and earning potentials continue to grow. It seems that the need for accountants will also continue to multiply as time passes. With this profession being so inviting many are checking into the possibility of accounting as a career choice. The drawbacks most often noted are the training requirements. Most jobs require that the accountant has a minimum of a Bachelor’s Degree. That could mean four years of classroom training. For the typical person the traditional college training is not an option. It’s almost impossible to keep up with a full-time job, a family, and attend classes on a full-time schedule. Most adults prefer fitting classes around t...
Mortgage Insiders Change Sides to Help Consumers Fight Foreclosures
A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are helping borrowers keep their homes, and work out new loan arrangements to avoid foreclosure, bankruptcy and financial ruin.
Offshore Banking Terms All You Ever Wanted To Know
Many investors are puzzled by the various terms used by bankers in describing ways to protect their money. Here is a short list of some of the most common ones.
Mortgage Company Now Brokers Rural Housing Loans in Rural Areas
AAXA Discount Mortgage, a leading discount mortgage company, is now brokering USDA rural housing loans to homebuyers in rural areas of the country who have little money to put down.
Finding the Right Expert Advice for a Colorado Mortgage
Mortgage Leads, Good Return Policy
