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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.

When investing, I try to look at different scenario to give myself an estimate of how much it could be worth. I mainly look at 4 different markers to evaluate the value of a company 1- The values of the asset in their current state or liquidating value 2- The value of sale if someone were to purchase the asset or the replacement value 3- The multiple of revenue 4- The multiple of net profit In some case it is helpful to look at management qualities and potential long term developments. But my goal is to find a company that is worth more than what I would be paying for. You can always have new management and new ways of running the company but if assets are not there. It is more difficult to get some value. For point 3-4 I usually evaluate both, now and few years from now if I look at long term investments. The value of assets: Abcourt Recently got a loan on asset alone, not the mine, not the company, but the equipment. The loan was for 6.5 M$ and If we look at liquidating asset comparing to other company and the fact that the bank gave money. My own estimate is that the asset should be worth about 80M$ in their current state. They have all Equipement for 2 mines, a complete mill, lots of Equipement to restart a third mine that was value at 7M$. When we look at prices on the use market for all of their assets, It would give me a good 80M$ value should they decide to dismantle and sell all. Right now the whole company has a market cap of 40M$. Therefore, my guess is that it is worth twice as much as what I am paying for today. The selling value or the replacement value is sometimes a lot more interesting. Because that would happen in a case were someone needs our assets. In this case, to build a 750TPD mill today like the one we have at Sleeping giant would cost in the 100M range. To develop mine like Elder and Sleeping giant, build galleries and tailing. It would cost a good 40M each. To buy land with prospective assets like Flordin and discovery would be few million dollars each. To acquire a past producing silver/zinc mine like Barvue with all current equipment, someone could easily have to pay in 20 to 40 M$. Therefor, my estimate of the value base on the selling of assets through out time would be in the 200M range. That is a 5 fold from today’s market value. When I look at revenue, I like to put a 5-10 time the revenue in value because that is what could be a conservative amount for a producing asset. Any kind of business with good margin could get this kind of return base on the revenues. In their presentation, they forecast being able to produce about 40K ounces per year of gold in a very near term. At today’s price that would be about 85M$ with a multiple of 10 that would give me a value of 850M$ compare with 40M$ today. But that is speculative and base on the fact that they would achieve production target. So let’s just look at their current revenue that should be in the 25M$ range. If I apply my usual estimate on the revenue, this could mean the companie is worth between 125 and 250M$. Even today I believe that at 40M$ it is under what it should be getting.

As an investor I evaluate mainly on 4 points prior to invest in a company 1-The properties company already carries. 2- What will be the value of share when selling or standby 3- How many time the income will be multiply 4- Value for the share/investment for turnover Instead to look over only management capability for a long lasting output, The important is to invest in a company which have huge assets than my investment. A company have always management arrangements for best managements for success of a company but the most important is the company properties as without adequate company assets it very rare to get good return on investments In my opinion The most considerable is point 3 & 4 Assets of Abcourt: They got a loan of 6.5 M$ recently for the equipment However if we look on the assets they have already in their hands these are estimated 80 M $.They have adequate equipment for 2 mines , A complete mill and all the necessary equipment to resume a third mine that was a value of 7M$ If we compare the market value of all of their assets it is big amount of 80M $ if anyway they want to sold of all these assets.Curruntly Abcourt have a market capital of 40 M $ , So in my estimate the value is double than I am giving right now! The marketing value & the standby value is occasionally interested specially if someone is interested to purchase our assets. So in this case to create a 750 TPD mill at present as we have one Sleeping giant would cost 100 million range and if upgrade elder mine as Head & Sleeping giant it would cost a 40 M $ each, To purchase a potential land as Flordin & Discovery it would need a few million dollars .To obtain previous Silver /Zinc mine as Barvaue with full equipment and somebody can simply pay 20 to 40 M$, Therefore I can say that all the way the market value of Abcourt is 200M $ range and it is 5 time more than the present market value. Upon view at income I want to value 5-10 times income because that's what traditional money can be for a productive asset. This type of return can be based on income from any type of business with good margins.

They say it is only about 3 month will be taken until the Great Sleeping Giant project will be entirely operating in July 2021 Whichever is required for a successful Gold Mining projects ABI have all these necessary things are in hands as Funds, Machinery to work, A competent team to accurate management. They have adequate resources as senior gold mine and sleeping giant gold mine, They know that these developments have definite productivity within few years with the more productions coming ahead! In starting of this March they get a loan of 6.5M$ so they can rapidly chase up for sleeping giant project! Why the ABI shares are not raising quickly because many peoples are worried about the age of M. Hinse that perhaps there is no backup behind M.Hinse but it is clear in recently most meeting of shareholders that his son M. Normand Hinse is standing as The CFO of the ABI and he is able to handle any issues if happened in future! M. Normand have work and management experience of 30 years with an international company He already planned to manage all the places of ABI to see if everything is going alright! With the all these point as ABI Resources in hands, Borrow of $ 6.5 M & M. Normand Hinse availability next to M.Hinse it seems a brightness that share values will be up near in future!

ABI takes time to repair the Elder Winch motor and to arrange the other necessary things to make sure that the great sleeping giant project will be DEFINATELY operative in the coming months confidently until the end of this summer! Actually this is the pre-production period to check everything that is perfect to work, The motor and the other equipment as it will be not good if any instrument will be went odd during the actual production and it may cause the waste of time and money and production targets .So it is very important that everything is to be satisfactory, All the equipment The Motor and the other instruments that’s are 100% in working condition to make the dreams true about the sleeping giant project! Recently they announces that they get the main motor and it is in working condition they also borrow C$ 6,500,000 as financial aid and also C$1,500,000 as a credit facility so they can arrange everything tremendously for the Sleeping Giant project for its 100% accomplishment!