RE: Debentures I really don't think Mr.Hinses back is going to be against the wall when he looks for working capital.
Abcourt Mines has quite a stash of existing Gold and Silver deposits. From 1944 to 1964, something like 350,000 onces of Gold was mined out of Elder mine before closing because of low Gold prices. Once ABI starts mining, ( permits coming within weeks ) stockpiling and milling, we'll have a solid cashflow to carry on without financing. As of now, we have no long term debt.
All the ducks are lined up and it's going to be quite the turkey shoot for Mr.Hinse and shareholders. Kinda like being in the right place at the right time.
Do yourself a favor and check out Jay Taylor interviewing Mr.Hinse and Abcourt Mines on youtube, Nov 4, 2010. Even if you've seen it before it's a great refresher
We're lookin good folks .......................... Hay