Jump to content

SLEEPING GIANT! The production game plan of Abcourt’s second gold mine.

Recommended Posts

The Sleeping Giant project is a gold mine that was acquired in 2016 by Abcourt.

Located in the historically prolific, stable, and mining-friendly Quebec region, in Abitibi approximately halfway between Amos and Matagami.

Since his acquisition from Aurbec Mines Inc they complete all work needed to launch production and we are now at the final step.

In fact, they want to use the exact same process as what they did at Elder Mine, to start operation and financing themselves or at low cost to grow production one step at the time. A technique than M. Renaud Hinse, president of Abcourt mine master completely for many years.

The mine is actually still in development but volume or rock taken out is rising month after month and it should be at 2000 t for this month. The ore obtained will be processed in the Sleeping Giant facilities on site so there are no transportation fees on large distance.

In order to get enough cash flow to complete all different steps, they got a financing from the Royal Bank of Canada. It will be use to accelerate the development of the Sleeping Giant mine for a total of $6.5 million, which includes a credit facility of $1.5 million for the purchase of mining equipment – 100% guaranteed by the purchased equipment.


They just release that they got an agreement with the unionized employees which have approved a renewal of the collective agreement by 80 % for the next 5 years.

With some restrained and indicated resources of 485 000 t at 11 g/t with the actual drills and lots of development potential, Sleeping Giant will be able to be ready for full production in 2022, only a few months from now.


The target of production for Sleeping Giant is between 18 000 and 22 000 Oz of gold per year and this will bring Abcourt at the level of emerging gold producer with 40 000 Oz of gold per year area.


With the actual share price, the valuation of the company is just under 30M$.

If you are searching for a good markup opportunity, but a junior producer at this low price could be a bargain.


And this doesn’t include the other assets of the company… There is WAY more value in this with other properties and the next Silver-Zinc project at Barvue.

This is really the project who bring the most values in this company but the actual market doesn’t seem to give to it any value at this time. There is a 43-101 resource of 22 million ounces of silver and 675 million pounds of zinc!

Do you realize what it is? It’s literally more than a billion dollars of rock in the ground and I think than it should be worth something.


That’s why I tell you than I think then this is a WONDERFUL investment or the one who are able to do their homework properly.

Check the data then you will understand my enthusiasm.








Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...