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
  • image.png

  • Posts

    • In a world where gaming is one of the most used forms of relaxation, a good number of projects have evolved to give gamers an immersive experience alongside passive earning opportunities to earn from. Through time, there has been a plethora of crypto gaming projects. With AxieInfinity being its progenitor, we have witnessed expansive growth with how certain projects have extended its tentacles. Currently, one of the projects that has caught my eye is $NADA. The project is one of the pioneer gaming models on the Hedera Blockchain Network. Primarily, it seeks to be used in blockchain based NFT mobile games where the latter and metaverses are interconnected seamlessly. Most of the games it is associated with have considerable pedigree in the global market. In a bid to let users earn seamlessly, NADA looks to allow players earn tokens through game play thus projecting gamefi. In the exactitude of real world use-cases, the token can be used for purchasing in game items, et al. Deducing from all of its features, it is incredibly worthy to note that the token has good use cases and tokenomics. In recognition of this, reliable platforms like Bitget have expressed intent to list it along a significant number of activities to earn from, depositing the token is even opened on there already. Conclusively, I'll love to hear your thoughts on this new model? 
    • Blockchain and gaming complement each other nicely. Their fusion has enabled real rewards for gamers, something that traditional games don’t offer. What’s more, BlockchainxGaming effectively manages the ownership and transaction history of game characters, items, etc, enforces property rights, promotes transparency, stability, reliability and improves fun. As blockchain and NFT-based games continue to drive the game market's growth, the hunger to play more and earn more deepens. Nada Protocol is proposing a blockchain technology and ecosystem with customized structure that will fuse with the global mobile game market and NFT blockchain game market, satisfying game players’ cravings with a more immersive mobile game experience where they can own and trade the items they earn from the game. NADA focus seems to be centered around creating a fun blockchain gaming ecosystem that adds the value of economic activity to the pleasure of gameplay. One of the most significant of its core features is a buzzing marketplace where users can conveniently find the items they want and trade them with other users. Much of the activities in Nada marketplace is controlled by NADA token, a reward-type token built on the Hedera network, and currently building up liquidity to list on Bitget. What’s your thought on this fast-growing game and its chances to carve a niche for itself in the competitive gaming world?
    • Thanks very much, @KoketsoIG. I hadn't discovered the drop down menus - it all makes much more sense now! It's odd about the E1 contracts - it must be a new change, because I'm in the UK and I currently hold some of the E1 positions that I opened a few weeks ago. Anyway, at least now I understand what's going on. I'll try not to bother you with too many questions as I get used to the new platform! Best wishes, Cate
  • Create New...