Response to some of Javaman12 quotes.Hi Javaman12
Why spend money on new drilling at SG that Abcourt doesn't have (would have to dilute again when not necessary). Specially when the share price is so low.
Like you mention there is already 5 years of full production already proven. at SG.
When Mr Hinse started Elder mine Abcourt didn't own the Sleeping Giant mine and mill and Elder was profitable until the last 2 quarters.
Yes maybe some money could have been spent to prove that there was or wasn't gold in the last level that mineral was extracted.
But would it have been better.(spend money on drilling and find no gold or extract the mineral and recuperate little gold).
Sometime in life a decision has to be taken ,continue to process when the gold price is low , another decision that Mr Hinse made was to acquire the SG mine,mill, and all other properties that come with the acquisition.
And it was under Mr Hinse that the work done to restart SG was started.
When Mr Hinse acquired the 2% NSR on Elder Abcourt was in sleepng mode and probably needed the fund just to pay the annual permits to survive.
Sleeping Giant also has a 2% NSR that was given for $2m and Mr Hinse wasn't the one that sold that NSR.
So please don't blame Mr Hinse for every bad things that happens in life.
Let's get a small production out of SG as fast as possible and then spend the profits to improve the miners life (if that means lodging then OK) . But please no more dilution unless it is to restart SG, not even to prove more resources until we have the money to do so.
Fernand.