Abitibi Royalties Inc ATBYF

Agnico Eagle Soars.........

[cigarbutts]

For the dual listed dual overhead  GZZ/RZZ:

See pages 11 4th paragraph,  and page 31 of the Agnico 4th quarter report for 2018 just released  2/14/2019.  

"At Canadian Malartic.............is evaluating the potential for underground mining of the Odyssey and East Malartic deposits from surface to a depth of 600m.  These deposits could 
provide higher grade tonnes that could supplement open pit production at Canadian Malartic.............................Drilling is ongoing to extend and upgrade the mineral resources in these zones.     The permit and Certificate.........was received in Dec.  2018 which allows for the development of an underground ramp at Odyssey.

Then the reserves are reported at 50% for Agnico on this page and table page 31.  It should be noted that Malartic open pit is forecasted for 330,000 oz (at 50%) for 1.16g/tonne  for 2019,  and 350K for 2020 and 2021.    The average gold grade  for the Malartic reserve is 1.10g/tonne for 3M oz (at 50%).

On a 50% basis   Indicated and Inferred  Odyssey is 809,000oz at 2.19g/tonne.
East Malartic is Indicated 361,000oz at 2.13g/tonne and Inferred at 1.4M oz at 1.98g/tonne.

The table page 31 shows Odyssey (50%) is 68,000 oz  Indicated.

I get about 5.2M oz at 100% for the partners at almost twice the grade of the current pit.

Do you think they will get to it sooner rather than later?

The Hwy deviation is due to complete late 2019 and then they hit the Barnat fairly hard it looks like going into 2020.

This mine is a monster so its going to eat a lot of rocks rather quickly IMO once they get to the GZZ/RZZ royalty lands........I think mined out in less than  10 years from 2020 start..