Bonjour à tous
je vous colle ci-dessous un post d'un dénommé Javaman qui semble avoir des connaissances minières poussées et qui en recoupant ce qu'il sait avec les informations souvent laconiques de Renaud Hinse éclaire pas mal le sujet.
he Sleeping Giant, Life Of Mine
On Abcourt's recent zoom meeting, at minute 43, Mr. Hinse, the company CEO, stated that he believed that the potential mineralization above level 8 could amount to 500,000 tonnes of 12g/t gold. That's almost 193,000 ounces. At today's gold price of $2350 Canadian, that would amount to a value of 453.5 million dollars worth of gold, in the ground.
https://www.youtube.com/watch?v=bnaMMHzBEMc
Note that the company's press release, dated Sept. 10, 2019, stated that the Abcourt company's geologist had considered that the upper part of vein 8 was " ...a very nice exploration target with a potential of 1.3 M tonnes of mineralization with a grade of 12g/t of
gold..."
https://abcourt.com/wp-content/uploads/2019/09/PR2019-09-10.pdf
Now, it is well known that Renaud Hinse, as Abcourt's CEO, may believe in the need to remain conservative in choosing the numbers of his prediction. After all, without the insight of a significant drilling program, the past drill results, are only indications of what might be possible. Much infill drilling, still needs to be done!
Yet, his own company geologist, last year, didn't seem to share the same opinion. Nothing held him back, in making his own valuable, best case, resource prediction! And Hinse, let him do it!
But he is also an expert! That's his job!
He suggested a tonnage of 1.3 million of 12/g of mineralized rock might be found! This is equivalent to almost 502,000 ounces of gold. That would be worth $1.180 billion Canadian dollars.
Gold in the ground, at the SG mine will cost a lot to mine. But the mill, sits just above, this particular mine. Unlike the already profitable Elder mine, there are no additional transportation costs involved in any cost projection. This will impact favorably on the AISC involved. So that should help defray any extra costs involved in the production from the Sleeping Giant mine.
The press release stated that the previous operators had mined out 628,000 tonnes of gold. Mr. Hinse mentioned that it was closer to 500,000 tonnes. But he thought that a similar amount of gold, as had been previously mined, may also be discovered above level 8.
In the past, the gold below level 8 was more easily mined and for much less cost. It was found in a densely confined ore body. Above level 8, the gold is more widely spread.
At that time, the lower price of gold appeared to make the cost of production above level 8 unprofitable. No serious effort was made to develop any stopes in this upper section.
Looking at the diagram on page 4 of the press release, it is easy to see that the gold found above level 8, would be more costly to mine.
It will take a lot of drilling and gallery extension to access all of the contained mineralization.
But with a higher gold price, on these higher levels, there may be a lot of value and many years of production left to mine. And after all, there is no need to access it, all at once.
Even though the real value of mined and milled gold is less than the apparent value of gold in the ground, the Sleeping Giant mine still has the look of a very promising project.
This company represents a tremendous investment opportunity!
On Abcourt's investor presentation, the company claims to be an emerging gold producer.
If Abcourt can prove this, dividends should be paid!
All the best! Java
