Old ways, don't, always die slowly! A new general is in now in charge. And a new strategy, has now, been set in place. Things are about to change for the better and as fast as possible!
Abcourt has been forced to re-evaluate its road to success. Which direction is it about to take?
Experts are the best ones to make such a decision. And it's about time!
The most defining news for shareholders is the company's
new desire to better communicate! The company's main focus is shifting from Elder to Sleeping Giant which is the most logical decision to make since there are no additional transportation costs involved. And most of the company's present day shareholders have been waiting patiently, longing for such an announcement, as this one.
"
...Now, the objective is to accelerate the rehabilitation in many levels, and the shaft. At the same time, the geologists will be able to identify new mineralized zones with all the new technological tools at their disposal and the support of veterans of the exploration industry in Abitibi. The Corporation will continue to keep investors informed of the progress of development activities at Sleeping Giant over the coming weeks and months..."
https://stockhouse.com/news/press-releases/2022/05/09/abcourt-releases-its-objectives-for-the-coming-year
The company has not completely given up on Elder and Tagami but now, transporting lower grade ore to the mill is a just, a money losing proposition. Why do that?
Perhaps some drilling or re-engineering, may turn up some better possibilities, in the future. There may some considerable time available for this kind of exploration/rethinking activity to occur while the mine is left in a care and maintenance condition.
Extended high oil prices are historically very unusual and the prospect of a temporary recession, could soon, put a damper on their relatively recent, very high prices.
Fuel prices could someday return to more reasonable values. Then the transportation costs of additional higher grade ore, mined from various Abcourt properties, might again be processed, profitably, at the Sleeping Giant mill.
But Abcourt management is saying, now is not the time!
But one most important issue, still remains. What is the price tag and how is this additional cost, now to be paid, once the Elder mine has ceased all of its operations?
The company forgot to communicate this rather important information, in the press release, it issued today.
Still working on that? What's up doc?
The expressed need to 'accelerate the rehabilitation' may be very important, indeed!
But I guess that everyone, not just management, understands the need, to act, very swiftly!
There's no need to over-emphasize, a point like this?
There is no need, to read between the lines, is there?
Gotta get moving! Workers keep your jobs and move!
Updates, will come later.
Expect the best! Java