Balmoral Resources Ltd BALMF

RE:Kirkland Lake Gold Ltd. Tony Makuch – President & CEO Kirkl

[goldhunter11]

- Sprott mentioned the name Abcourt... and said because it has a millbut he did not name "Sleeping Giant". It may fit the 500tpd from WM. But currently, it is used to process the ore from Elder mine at some small profit. It's a small mom and pop operation run by the CEO/founder who does not want to change much from his old way of doing things. He controls 1/3 of the OS, and may not be a good negotiator to deal with (most likely he does not want to sell). There is no debt, but the CEO/founder does not seem to be able to raise much money...$1 M at a time. Small mom/pop operation. Sprott does not have any investment in ABI (too small, and the stock is not liquid).
- Current mkt cap is around 20-25M depending on the fluctuation in SP. As indicated, the stock is not liquid. The company would be lucky to get some small premium, like 20-25%...Not a 20x.
- The founder is frugal and good at patching up old plant and has run the company for a small profit, but if he's replaced, the company may go downhill ... heading to bankrupcy. May be this would be the time to come in and buy the mill (SGM) for a song (which he did from a bankrupcy case, and did a good job fixing it). As far as WM is concerned, the SGM  could be a stop gap measure (for a year or so), but transportation is still a big factor, over 100km trucking which will cut in the profit margin. Besides, they (KL, ES) may have a bigger scheme than some 500tpt...10x, 20x when they decide to put Fenelon into full-scale production.
- Some poster at ABI board has looked at the company BoD, and it seems that they don't have any heavy hitters, only people with not-so-relevant credentials and sitting at the Bod since 1979.
- The company does seem to care much about shareholders or potentential shareholders, e.g. it does not have any Corporate Presentation to introduce the company to investor. At leas, there is none under Investor Relations.
- Goldcross: Presumably you have posted the same  post on ABI board to rally the troops there?
GH11

Goldcross wrote:

Kirkland Lake Gold Ltd. Tony Makuch – President & CEO

Kirkland Lake Gold Ltd.

Tony Makuch – President & CEO

https://cibcvirtual.com/banff2020/s/372?language=en

E:Location, Location...But Abcourt Remains Undervalued -

Market cap $25 mil. -
Fair Market Cap Value about;  at least 20 times higher  -

 Ex.
 The Sleeping Giant Gold Mine -  cost to develop >$400 Million > more than 10 yrs ago and
 add all the other great ABI mines -
   
 https://stockhouse.com/companies/bullboard?symbol=v.abi&postid=30637756

 Location of The Sleeping Giant Gold Mine - 
 close to Wallbridge high grade mine properties -
  

https://www.wallbridgemining.com/i/maps/fenelon/Abitibi_map.jpg

Abcourt Mines Inc. (TSXV:ABI) (Berlin:AML-BE and Frankfurt Stock
Exchanges: AML-FF) ("Abcourt" or the "Mines Abcourt Inc.)
announces that a technical report NI 43-101 entitled
Feasibility Study on The Sleeping Giant Gold Mine Project
was prepared by PRB Mining Services Inc. of Val-d'Or,
Quebec, Canada.


The Sleeping Giant Gold Mine - 
 cost to develop >$400 Million -
 Mill ready to double production - 

Here is a summary of this technical report(1):

General and History

The Sleeping Giant mine is located 80 km north of Amos in
north-western Quebec, Canada.
It is accessible via road 109 that connects Amos to Matagami.
This is a paved road and it passes less than 1 km from the mine site.
Material and services are available at competitive prices.

The mine was exploited from 1988 to 2014.
It has been maintained dry since its temporary closing in 2014 and
no infrastructure has been taken out or added.
Currently, the Sleeping Giant mill treats ore from
The Elder Gold Mine owned by Abcourt Mines Inc. and occasionally,
some custom ore.
The mill capacity is 700 to 750 tonnes per day.
The activated carbon process is used to recover gold.
Historically, the gold recovery on the Sleeping Giant ore,
at that mill is 97.5%.

The tailings pond complies with all governmental regulations and the dykes and the quality of water are checked every year by an external expert. The tailings pond has enough capacity to receive the tailings from Elder and those from the Sleeping Giant mine as indicated in section 16 of the technical report. The setting pond at the discharge of the tailings pond is used to treat the discharged water according to the rules and to control the quality of the water.
Did The Sleeping Giant Gold Mine cost about $400 Million in developing cost -

& Eric feel KL got Detour for a steal -
 buying Detour for five thousand million ($5bil) was a bargain steal -
 I agree for the fiat slave papers are less worth for
 every day,

10 reasons I invest in ABCOURT

117 views•Jul 24, 2019

Dany Cenac Robert

21 subscribers

 

 

https://www.youtube.com/watch?time_continue=2&v=RPvIT-9aw7U&feature=emb_logo

 

I like to search and find the best unknown stock in Canada.

Abcourt to me has an amazing upside potential.

They are talking about spinning out some of their

properties and that could bring more money

to their actual shareholders.

Gold stocks were down for few years but I have

the feeling they will be back up soon.

 

https://www.youtube.com/watch?v=RPvIT-9aw7U

 

Is the next gold rush in Quebec?

3,235 views •Nov 5, 2019

Kitco NEWS

75.9K subscribers

 

 

https://www.youtube.com/watch?v=Hx8tt_0UUOs

 

 

Quebec is named the fourth best mining jurisdiction in the world

by the Fraser Institute, and miners in the area have just seen

the beginning, this according to Maxime Guilbault, partner at PWC.

“I think we’ve just seen, I won’t say the tip of the iceberg,

but there’s more.

 

All the mines that have been developed, around those mines,

in Abitibi for example, there’s a lot of potential,”

Guilbault told Kitco News on the sidelines of

the Xplor Mining Convention in Montreal.

 

https://abcourt.com/

 

https://abcourt.com/miningproperties/

 

https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/

 Imo!

https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-13120