RE: Abcourt seeks to extract 12,500 tons/month of mineralization from the Elder Mine.
Management intends to open the high grade Sleeping Giant mine to complement the mill feed from Elder.
That will make the mill more efficient. The mill has the capacity to treat up to an additional 10,000 to 12,500 tons/per month from The Sleeping Giant Mine.
Unlike the ore derived from the Elder mine, no extra transportation cost is involved with The Sleeping Giant Mine ore because the mill is located directly on that property.
Though the mine start up will be a gradual process, the additional ore from the Sleeping Giant mine will raise the overall grades being milled.
The Sleeping Giant mine has huge potential.
Even the Elder mine may contain significantly more high grade ore.
With a much higher gold price, profits will logically, increase greatly, over time. Then the exploration money will come.
From the retail shareholders point of view, let the profits come, let the company grow as much as possible first! That will maximize shareholder value. This company is not going broke! Are there better investments to make?
As investors in Abcourt Mines, time is on our side! All the best! by Javaman
Why gold could reach highs of $25,000 - Pierre Lassonde -
Ready for Another Big Move in Gold and Silver? Welcome to 2020 Interviewed by Craig Hemke, Sprott Money News
It’s the first Weekly Wrap-Up of 2020, and we’re already having a happy New Year in precious metals. After a great year-end rally, all the forces are coming together for some big moves ahead. Eric Sprott and your host Craig Hemke discuss all the gold and silver news you missed over the holidays and set the table for what to expect in the year to come.
Ready for Another Big Move in Gold and Silver? Welcome to 2020 Interviewed by Craig Hemke, Sprott Money News
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Quebec is named the fourth best mining jurisdiction in the world by the Fraser Institute, and miners in the area have just seen the beginning, this according to Maxime Guilbault, partner at PWC. “I think we’ve just seen, I won’t say the tip of the iceberg, but there’s more.
All the mines that have been developed, around those mines, in Abitibi for example, there’s a lot of potential,” Guilbault told Kitco News on the sidelines of the Xplor Mining Convention in Montreal.
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