Post by
fbedard29 on Mar 18, 2021 1:13pm
The Aldermac property
Abcourt also has a property (Aldermac) that has copper,zinc and silver.
1,770,000 tons with 1.54% copper, 3.38% zinc and 1m oz silver .
With copper at $4.07 per pound and zinc at $1.27 per pound and silver at $26.33 per oz .
If i add up the value of those 3 minerals i come up with +- $389m in us
That is $483m ca.
That number is similar to what was the value of Elder when Mr Hinse put his time and effort in starting Elder.
The property has a 495-meter 3 compartment shaft and nine levels.
I would imagine that it would not cost more to restart than Elder and permit obtainable.
Fernand
Comment by
agsiv88 on Mar 18, 2021 2:43pm
If only OMH had a royalty on the property, it would already be in production.
Comment by
Theoldmariner on Mar 18, 2021 4:33pm
So very unfortunately insightful....I am smiling but frankly wish i were not. We need a new handle for him.... any suggests the market spoke today....Mr. 135...sad very sad.....grand news and nobody cared...
Comment by
fbedard29 on Mar 18, 2021 5:47pm
If it takes a royalty let's give Mr Hinse a royalty and then we can go back to complaining about the conflict of interest, but at least we would be in production. Fernand