The target Is Gold! With Abcourt Mines, what does the higher price of gold, actually buy?
1. A debt free company with an operating mill that is waiting for a lot more ore!
2. The Elder Mine may soon have thousands of ounces of a better grade of gold. New zones of ore are about to be opened up.
3. The Sleeping Giant Mine is finally re-opening. Although in years past, exploration of the lower levels was once discarded by NAP (North American Palladium) due to grade discontinuities, the price of gold has now allowed Abcourt to risk exploring and exploiting the mine's upper levels.
A mine that once produced more than a million ounces of gold, now has a second chance, to produce even more!
4. The Discovery property is a third potential gold mine.
At today's gold price, using a cut-off grade of 4/g per ton may now seem a reasonable precaution to take (due to the transportation costs to the mill). Historically, at this cut-off grade, the Discovery deposit has offered measured, indicated and inferred resources of at least 316,861 ounces of gold.
If the price of gold rises significantly higher, a 3/g per ton cut-off figure could make the resource look even better! That would allow for a total resource figure of 395,134 ounces of gold!
North American Palladium did further drilling to expand the resource.
Discovery project drilling delivered high grade at the 1200E Zone and extended it further to the west. Abcourt needs to drill, even more! 5. The nearby Flordin is waiting in the wings!
North American Palladium's
Flordin project updated resource estimate for the central part of the deposit increased Measured and Indicated resources to 162,035 contained ounces of gold. Abcourt has further work to do here as well! It is open pit in scope. But it will grow further in size.
https://gq.mines.gouv.qc.ca/documents/examine/GM63850/GM63850.pdf
https://impalacanada.com/investors/news/news-details/2011/North-American-Palladium-Provides-Gold-Exploration-Update/default.aspx https://www.e-mj.com/news/us-and-canada/north-american-palladium-to-shut-down-sleeping-giant-starts-up-vezza21/ Investors need more than hope. But Abcourt does seem to offer, many good opportunities!
Today, Abcourt Mines is still very small.
But tomorrow, it may prove to be a better candidate, as a potential M&A target.
But it is, not yet there.
For now, the company needs to expand and better delineate its present resources.
Becoming bigger, costs a lot of dollars. So it must earn them first!
It must first, target the gold!
Later the potential acquisitor may come.
The company has a lot to prove!
But for now, it doesn't, cost too much.
All the best! Java