Annual meeting
Hi everybody,
Thanks Fernand for the resume i will had some few things in what you said. I ask Mr. Hinse how it's work to get credit from bank or whatever funds or government programs because i do not understand with all the materials and the assets they have, they could not get anythings. I also told him that if we intend to start abcourt-barvue with the same way they did it with Elder we all be dead before it happen. Renaud and Normand told to the assembly that all funds and banks (except National)for that kind of projects are in Toronto and also when the projects are under 200 millions they are not interested to get in. also said that they continue to approach peoples in governments and caisse de depot of quebec and they said that the peoples told them ( we see all your work but for now we don't to jump in the train maybe later)
About abcourt-barvue they said that they approach many big players who could want zinc so they all know the potential for zinc in abcourt-barvue but for now seems like no rush for big players. I guess it will probably be the only way to see abcourt-barvue reopening by give the zinc to big players and take the silver in exchange of the investment.
About the milling he said that theres maybe 2 or 3 mills interesting for them. They have bet 2 millions on a mill with a lots of works to do on it and he said that this mill have been sold for 8 millions. He said that it was hard to share a mill with others because it's seem to be hard to have all the ore because the owners of mills always try to steel a bit so he always have to watch them. The one they using right now (Qmx) is not the best for the type of rock at Elder but i guess if they have it at good price it will be fine. He said that the contract was for 6 months exactly at the same time that QMX will stop producing their mine so maybe good timing.
About full production
Yes he said another 6 months but i'm maybe a bit more optimist then Fernand because i think it will be a bit earlier just my point of view.
Good luck to all
Alabou