I sent a somewhat stern criticism of Abcourt and received this reply yesterday from the President. Make of it what you will.
"We are doing our best in a bad market resulting from all kinds of abuses in the USA and Europe. Despite this bad context, we increased our gold resources by diamond drilling in 2010 and 2011, we dewatered the Elder gold mine and got a very positive PEA report recently. We are currently rehabilitating the mine and will start to mine some ore in January 2013. Production will be increased gradually to full capacity in 2013 to produce 25,000 ounces of gold per year. The PEA report indicates a very nice cash flow of $14m to $17m per year with gold at $14.36 per ounce.
Is this not good work?
Renaud Hinse, President"