Anyone wish to translate this So what we have here is to go full commerical ( with given information)
it requires at least 150,000 of ore a year but he has reported the he plans to mine 100,000 tonnes in 2014-2015...
the snow is getting deeper and deeper....
and the real kicker.....there are no plans to increase productivity.....
so this really translates into SNOW JOB....or am misunderstanding the report?
The achievement of a predetermined level of activities; a production of 150,000 tons of ore per year as used in the ‘’Preliminary Economic Assessment’’ on the Elder project by the firm Roche Ltd, Consulting Group.
The ability to support a continuous production and achieve constant operating results over a period of time;
Recovered grade, ore value and significant revenues; Stage of completion of development works.
Read more at https://www.stockhouse.com/companies/bullboard/v.abi/abcourt-mines-inc#LjmwO9ljSMy1cbOa.99 _Report________
__Expansion plans and plans to increase productivity are not considered now. Our budget for the period 2014 - 2015, will be according to the revenues received from the sale
of gold and the financings realized. Our budget for the extraction of about 100,000 tonnes
containing about 15,500 ounces of recoverable gold is estimated at about $20 million for that
period