RE:RE:RE:RE:RE:RE:RE:RE:EO financing proposaleasy,
In addition to the info in "Seeking Alpha" link (page 5), there is some reference to Akasaba in AEM NR of 26 April 2018, indicating that they are serious about doing an open pit mining operation at their 14-claim property at Akasaba. The 14 claims still has enough land for further exploration which could potentially increase the RE beyond 0.6MozAuEq.
Just east of the 14-claim boundary, there are additional deposits that belongs to AZX, see link below, scroll to the bottom to see the map. The Western zone is the one AZX sold to AEM. The middle portion that has an OP and UG (much higher grade, >5gptAu) portion is sizable with a global RE of ~0.5Moz (just a few km away from AEM deposit (0.69 gpt Au plus 0.41%Cu). There is no chance that AEM would let that deposit slip away from their fingers if they are serious about mining their current deposit at a much lower grade in the 14-claim land.
https://www.azx.ca/projects/cadillac-break-properties/akasaba/
"Agnico Eagle acquired the Akasaba West gold-copper deposit in January 2014. Located less than 30 kilometres from Goldex, the Akasaba West deposit is expected to create flexibility and synergies for the Company's operations in the Abitibi region by utilizing extra milling capacity at both Goldex and LaRonde, while reducing costs.
The public hearings under the Quebec environmental assessment process (Bureau des Audiences Publiques en Environnement or "BAPE") were completed for the Akasaba project in 2017 and the BAPE report was issued to the Quebec Minister of the Environment on June 2, 2017. The report concludes that the project is acceptable under certain conditions. Under the Federal process, the Canadian Environmental Assessment Agency released its Preliminary Environmental Assessment Report on the Akasaba project on February 21, 2018 for public comments. Permitting activities continue with both Provincial and Federal government agencies. Final recommendations are expected in 2018 and start-up is projected for 2020."
The greed factor will not allow AEM to let AZX sink.
Just my opinion folks. Do your own DD.
GH
-------------------------
easycoder wrote: Not a good deal as you say but it kept us alive ("the next gold mine in Quebec!!!!" - quote) - unlike Murgor (which WH was involved with and defends, Prod5 hated that - damn where the hell is that (great) guy gone?) .
AEM's last quarter's interview is intriguing, even if they do have a lot gong on - they like low AISC as they should :-
https://seekingalpha.com/article/4166873-agnico-eagle-mines-aem-ceo-sean-boyd-q1-2018-results-earnings-call-transcript?page=5
David Houghton
Just before we move off Akasaba, but if you don't mind, it just intended to be an open pit operation would you have any beneficiation of the ore on-site or would it be direct truck to LaRonde I presume given that you’ve got some base component in it, what's the broader thinking?
Yvon Sylvestre
The plan would be to truck it directly to the go back spell and then ship the copper con for the pros will be pirating copper con in the process at LaRonde