Annual meetingJust back from AGM. All posted are my own understanding off what was discussed.
Abcourt presentation was almost the same as last year.
My resume will be almost a copy and paste from last year.
Mr Hinse said that almost all feedback from shareholders was very positive.
Advancement was accomplished at Elder and now almost at full production.
Sleeping Giant mill now finally well repaired and functionnal.
Need much work to put Sleeping Giant mine in production.
Hopefully repairs will have been done by mid 2018 and production can begin.(my small mind
seem to remember +- $5m cost.
Grade is higher but veins are narrower and in the end could be about 10gr per ton and no transportation cost.
Abcourt Barvue (zinc silver) no new advancement The only funding that could have been available was at 12.5% and would have required all of Abcourt properties to be mortgaged.
This was unacceptable when most mines produce at less that 15%.profit.
Most shareholders present (+- 6 persons ) were concerned with the speed of progress but Mr Hinse is proud of the progress achieved and not willing to go faster and compromise the futur.
Hint of NSR conflict was heard many times but the discussion could not be accomplished (that sound's weird but need both side to discust).
My shareholder's position is that i am still all in for the next year and will be revised at next AGM depending on next year accomplishement.
Sorry for this small resume of the AGM.
Other's present will certainly have something to post also(except those that are not allowed by their occupation to post).
Fernand