Pivot pointThe focus on Barvue here does not make sense to me. It's a venture which at best will bear some fruit two or three years downstream - and it calls for the raising of substantail sums when there is no record of ABI b eing able to attract them.
The pivot point now clearly is Sleeping Giant. The potential grades there are around double those of Elder and the mine is at the mill site.
Seems that the mill is functioning well and appartently the refit of the mine is being accomplished out of current cash flow.
If in fact the SG reopening occurs before year end, then the prospect of earnings of 6 to 8 cents/share CDN, in the calnedar year 2018, seems reasonable. Additional cash flow might help advance the Barvue project - but ABI has to get there first. Sadly, Mon. Hinse has a history of missing objectives. The market knows this.
Like others here and likely the Quebec/Totonto/Vancouver investment community, my sense is that ABI has some momentum now but my trust in Hinse is such that I am standing pat on what I've invested to date - no additional shares for me until proven sustainable results surface.
Of course all this is conjecture - based on the very limited information passed on to the outside shareholders. Hinse makes it a guessing game and until this stops we stay in the doldrums.
Strange isn't it? Lots of regard for the comapny's assets - suspicion about it's leader.