Finance Articles

Analyst Initiates Coverage on Abcourt Mines Inc. with Buy Recommendation, 50% to 100% Near Term Upside Target Investment Opinion

New York, NY (PRWEB) June 19, 2007 -- Howlett Research initiates coverage on Abcourt Mines Inc. (TSX VENTURE:ABI) (PINKSHEETS: ABMBF). The Analyst has initiated coverage on Abcourt Mines Inc. with a Speculative Buy recommendation and a near term price target of 50%-100% upside appreciation per share.

The full Analyst report may be found at: http://sectornewswire.com/Analyst_Report_Abcourt_06-07.pdf

The qualified Analyst has identified Abcourt Mines Inc as significantly undervalued with its five 100% owned projects being heavily discounted at current share price valuation of under CDN$0.50. The Abcourt-Barveau silver-zinc deposit alone has significant resources which the Company's independent feasibility report indicates as economically mineable 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 a billion US dollars of zinc resources at current market prices. Abcourt Mines also has 19,644,354 ounces of silvers at the Abcourt-Barvue project and 157,478 ounces of gold at it's Elder Gold Project. Various methods of valuation are employed by the Analyst using various scenarios/catalysts and provides a compelling risk-reward picture for inventors.

The full Analyst report may be found at: http://sectornewswire.com/Analyst_Report_Abcourt_06-07.pdf

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 (page 20) at the bottom of the Analyst Report.

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