RE:RE:Zinc $1.78 - We Got A Lot Also remember that the Genivar study was done at a time when the Canadian Dollar was considerably higher than the US dollar. Today the situation is dramatically different.
In spite of today's high energy prices, the Canadian dollar lingers at only 79 cents US. From a Canadian miner's perspective, this can be attractive, as a company's earnings tend to look better to Canadian shareholders, when priced in Canadian dollars. And the company's wages are also paid in our national currency. Labor is always a most expensive part of any business.
Labor costs at the at the Sleeping Giant mine will remain stable for a period of at least another four years since a long term contract has already been signed by most of those workers. That's good news for the company's shareholders as an incentive to make an additional investment decision.
https://abcourt.ca/en/news/convention-collective-approuvee-a-80-par-les-employes-syndiques-de-la-division-geant-dormant-dabcourt/ We can thank the Trudeau Liberals for destroying the value of our Canadian dollar with their free spending ways. Now inflation is killing our standard of living.
But from the shareholder's perspective, our government's economic failures, ironically, make the Barvue project and other mining projects, suddenly look, much more attractive.
For Abcourt Mines, the commodity prices of gold, silver and zinc are all, suitably priced, in US dollars.
It's very surprising that Renaud Hinse never got the ball rolling on the Barvue project. He seemed to convey, mostly talk, without any clear plan of real action. His personal focus always seemed to remain on the Elder mine.
It took a different perspective from a new CEO to shut down a very unprofitable mine and to suggest to the company's workers that the best and most sustainable jobs, actually lay at a different company mine site, some distance away.
Isn't the truth so much better information to hear? Better decisions, can then be made by all!
With zinc and silver prices much better now and the Canadian dollar, so much cheaper, we must hope that Pascal Hamelin, the new CEO has more incentive to get the Barvue mine up and running, when the present timing, seems now, so very right!
It does seem kind of obvious!
And if a deal can't be struck and soon, when will it ever be?
We are still waiting for the toll milling project with Pershimex Resources to be announced by Abcourt Mines. A mining contractor has been visiting Pershimex's Courville property at the site of the 5000 ton bulk extraction that is proposed, to be taking place, and very soon.
https://stockhouse.com/news/press-releases/2022/05/31/2022-fieldwork-and-preparation-of-bulk-sampling-on-the-courville-property I guess that the last of the Elder mineralized rock will have to be milled before the final toll milling decision is finally made and announced, by Abcourt to the public, in some future press release. The deal has so far been only defined as a letter of intent. Nothing has yet been written in stone to public knowledge. No deal has been finalized, as of yet.
The gold inventory in the SG milling circuit will be soon be gone. After all of the Elder muck, has been processed from that mine, the SG mill circuit will then, be left, very empty.
The Giant mine is still asleep. The mining workers haven't yet shifted from the Elder mine to the SG mine site. Those presently employed there are working painstakingly to get the SG mine up and running. But more workers are needed to get the project moving, much more rapidly.
And Pascal Hamelin has determined that this need, must be accomplished, in the most expedient manner possible. There is no time for any fooling around, any longer!
Hopefully, now the company has made some provision to bus some of these same miners, to the SG mine for those who may choose, not to live there. Some may prefer not to live, stacked like sardines, in some kind of makeshift trailer park.
And it's much cheaper to bus in some very valuable workers than to truck in many tons of ore holding very little commercial value.
It appears that Mr. Hinse, the elderly CEO, may have had little incentive to do so. Now, things seemed to have changed? What took so long?
Anyhow, what's the point of leaving a functional mill, running empty, when other milling work could still be profitably done? By toll milling another company's project, all parties involved, can still become winners!
https://www.cclgroup.com/docs/default-source/en/en-strategic-exchange/brief-history-of-the-canadian-dollar.pdf https://www.miningnewsfeed.com/reports/Abcourt-Barvue_FS_update_01152019.pdf Still wondering why Abcourt shares are trading so quietly?
Because, it's almost time, to wake up some, most valuable projects.
Not so asleep, potential investors are waiting in the wings!
An early day rises again, but now is the best time, to end the snoozing.
Abcourt Mines, get up and get on going!
All the best! Java