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Cooper Research Analyst Initiates Coverage on Abcourt Mines Inc. Speculative...

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'ss 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'sOr 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

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