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Abcourt Mines Inc. V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold producer and exploration company with strategically located properties in northwestern Quebec, Canada. Its projects include The Sleeping Giant Mine, Discovery Properties, Flordin Property, The Elder Mine and The Tagami Property, Abcourt-Barvue Project, Vendome Property, Aldermac Property, Jonpol Property and Other Properties. The Sleeping Giant Mine property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Discovery project has 166 claims with a total area of 4,166 hectares. The property is located about 30 km to the north-west of Lebel-sur-Quevillon, Quebec. The Flordin property is located approximately 25 km to the north of Lebel-sur-Quevillon, Quebec. It consists of 25 cells covering 976 hectares.


TSXV:ABI - Post by User

Post by javaman12on Aug 09, 2022 7:37pm
227 Views
Post# 34883322

Earlier Webinar: July 12

Earlier Webinar: July 12   Pascal mentioned, at that time that the initial SG mine start up costs, including inflationary increases, would be in the order of some 6 million dollars. That would not include the later cost of building a substantial mining camp some distance from the mill and minesite due to privacy and noise related concerns.

   So what did the latest zoom meeting give for a breakdown of the 15 million dollar costs related to the SG mine? Is much of the 15 million dollars, a longer term cost that could be amortized over some greater time frame after the initial start up the mine had already begun?

  If so, then one might assume that the initial production from the SG mine might pay for some of the later, early term production and/or accomodation costs when the permanent mining camp is finally established.

 The webinar mentioned that production would commence, on site, prior to the establishment of the mining camp a kilometer or so away from the mill. Is this still the plan?

 If anyone hasn't heard this Red Cloud presentation from July, then it is still worth a listen. Enjoy!

https://redcloudfs.com/building-the-mining-camp-around-sleeping-giant-mill/

                                                       All the best! Java

 

 
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