Gold RushWith a gold price stabilizing above $2300 I think Abcourt will have its chance to reach commercial production. And with the geopolitical situation in the world today it is only a pause before the gold price increase continues in my opinion.
I think it is encouraging that the management is putting in so much effort in fieldwork and drilling to increase estimated resources. It shows a dedication to getting this company back on its feet. Hopefully that will get investors interested in putting money into this project. But anyway, the company is alive, and it won't be shutting down anytime soon the way I see it.
No one can say with certainty what the future holds for this company, but the basis for success has hardly been better laid out. It is now up to the management to deliver on their word. Not tomorrow, and maybe not this year, but next year should show us some results that will bring a smile to the shareholders' faces.
Clearly, there will be a cost in the form of patience, and perhaps also some more dilution. Then it is up to each individual to assess whether the risk is worth it.