RE:RE:RE:Presentation Thanks for the heads up!
https://www.youtube.com/watch?v=0Q5dTFcaHo4 This U-Tube presentation gave some good indications that a lot of gold still remains to be discovered at the high grade Sleeping Giant mine.
And now we have a better indication of just where Abcourt intends to drill. The milling of the old asset base will pay for the future drilling that discovers, new resources!
The SG mine is high grade, but its life of mine, needs to be, very much extended!
A current 43-101 resource estimate for the SG mine has now been undertaken by a proper team of consultants. It will be coming soon!
After future drilling, another one, may also have to be undertaken!
A bigger high grade SG mine will likely, do much more, to impress a somewhat unpredictable and jittery market.
Historical gold indications at Discovery are of about 800,000 ounces of gold. A proper 43-101 resource estimate of that resource, will be forthcoming!
A bulk Pershimex deposit is to be milled in the Fall at the SG mill.
A spin out of the Barvue project may now be the better option for Abcourt shareholders.
More funding is needed to establish a mining camp at the SG mine site. This is key! And the sooner the better!
Elder workers may like to make the jump! For shareholders and the company, we would prefer that many experienced workers may choose to stay with Abcourt.
Loyalty matters! But what may matter more, does experience with past operations. And the Elder mine, may one day, again become an active producer.
The gold price may rise again. Today it has regained upside momentum near $1800 US.
Oil has been recently declining in price. Perhaps, the top has already been reached? Downward momentum can rapidly become a trend.
A lower oil price makes the cost of transporting ore, once again, a more affordable option.
Is a recession, however brief, now an expected event by most of the market players?
The potential Pershimex Abcourt combination is not today's main event for Abcourt. It is the Sleeping Giant mine.
The merger will pay its dividend to all of Abcourt's shareholders at a more productive and future time!
That money for developing Abcourt's asset base will come, once commercial mining, begins at the SG mine.
Abcourt's Barvue mine, once operating commercially, may later fund further property aquisitions. But that will be determined in the future by that new company's management team after the spin-out has occurred.
Two new mining companies may discover, by using a similar operating principal, that a better road to success lays in using a solid revenue stream, to fund their future exploration endeavours.
Once these two commercial mining situations begin to play out, rapid growth for both companies is bound to happen!
It's hard to remain patient.
But for now, it's the best option and the most logical one to make!
And it's no time to remain silent! Just ask Pascal Hamelin. He has just begun to talk!
All the best! Java