RE:RE:RE:Again...it time to find this new direction...hopeHey Javaman don't take everything that is posted on stockhouse for the truth and only the truth.
Some are facts others are hope and some lies.
Elder mine produced 11398 oz in 2021 (with 5 weeks closed due to motor repair)and 12180 oz in 2020 (with 3 weeks closed due to covid).(from annual report).
The target for Elder is 13,500 oz.
It only takes a slight increase in gr/t to achive .(my opinion).
As to Sleeping Giant mine i stated (starting production and should have added in 2022).
The annual report mentions that 15 workers are currently working on level 235 and 295.
My deduction was that with 15 workers it should not take a year to reach the orebody.
The annual report also mentions that Abcourt is supplying lodging for workers and ready to add when needed. It also mentions that they are working hard to resolve the man power issue.
At the AGM there was mentionned that they were in the process of getting a few Mexican worker.
There was also a mention of people in training that when they are available will sign a contract with Abcourt .
There is a quote in the annual report mentionning that it would take only 0.7 year to recuperate the funding needed to start SG at $1200 us per oz. Now at $1800 it is an extra reason to do all it takes to start production fast.(my own feeling).
As for Barvue i mentionned a project.
I stated that it takes a year to drain the open pit(from Mr Hinse mouth a few years back).
It should still apply today.
And yes i said it could start tomorrow( my own feeling) if there was a will to reopen Barvue fast.
I didn't say it was starting tomorrow.
Now please don't take what i say or write as facts coming from Abcourt direction.
I do not speak for the co
I write what i think just like you all do.
The post saying that Abcourt was under valued came from my own conclusion and not from Abcourt direction and please don't blame me if you are in the red.
Use your own judgement to invest (.Not others) and only blame yourself for lost or tap yourself in the back if you win big.
I will try to stop posting my oppinion and stick to the facts like you all do.
Fernand