Abcourt Mines Inc.'s Mineral Resources as of Nov 06:
| Gold Ounces | Silver Ounces | Zinc Metric Tons | Copper Metric Tons | |
| Abcourt-Barvue Silver-Zinc Mine (43-101) | 37,800 | 19,644,354 | 278,830 | -- -- |
| Vendome-Barvallee (historical - non 43-101) | -- -- | 257,416 | 10,335 | 2,226 |
| Alermac option (historical - non 43-101) | 28,375 | 1,046,000 | 52,400 | 24,800 |
| Elder Gold Mine (43-101) | 157,478 | -- -- | -- -- | -- -- |
|
Total : |
223,653 | 20,947,770 | 341,565 | 27,026 |
Mining MarketWatch Math
Intrinsic/In-ground Value per share is based on market price or less of commodities at close on May 15, 2009:
1) Zinc: 341,565 metric tons X 2,204.6226 = 753M lbs / 55M shares = 13.69 lb/Sh X $0.67 Market Price per lb = $9.17
2) Silver: 20,947,700 Oz / 55M shares = 0.38086 Oz/Sh X $14 per Oz (rounded down to nearest $) = $5.33
3) Gold: 223,653 / Oz 55M shares = 0.0040664 Oz/Sh X $926 per Oz = $3.77
4) Copper: 27,026 metric tons X 2,204.6226 = 59,582,130 lbs / 55M shares = 1.0833 lb/Sh X $2.00/lb Market Price = $2.17
Total: $20.44 in-ground value per share
Future net revenues from zinc-silver mine
based on 1,800 metric tons per day = effectively 650,000 per annum
1) Zinc: at 54.7 pounds zinc/tonne = 35.5 million pounds zinc annually X $0.67 Market Price per lb for zinc= $23.785M
2) Silver: at 1.5 oz silver/tonne = 975,000 oz silver annually X $14 Market Price per oz for silver = $13.65M
thus $23.785M + $13.65M = $37,435M - $32.5M (which is processing costs of $50/tonne) = $2.435M net.
thus $2.435M / 55M shares = $0.00000004427 per share USD