Whitedog : We have a permit to mine up to 36,500 metric tonnes per year. A significant amount of antimony mineralization exists at the Fencemaker Mine. Highest value recorded was 18.65% Sb from drillhole FM-02 at the 35 to 40 foot interval below surface. As of today , 1000MT of raw material is stockpiled .Preliminary that was only in order to calibrate the mill on which the Company was working on. Unfortunately , the deal regarding the Liberty mill encountered some problems between the 2 parties and the Winnemuca mill project is dormant because of the lack of financing .
Now , to give you an idea , lets say those 1000MT have the average of 3% pure sb .
The standard refined material exported to China is an ore at 83% .
The job would be to refine those 1000MT to around 36MT at 83% .
The current price for Antimony oxyde at 83% is around $7800 / MT , so the current value of those 1000MT is around $280'000 . In 2014 , the value for the same product was $360'000 .
At the current market condition ,our 36500 MT/year permit means potentially $10M/year gross sales if a mill were ready to proceed and refine those raw material .
Ps : sorry , i currently cannot answer your PM ,0)
Between Here and There
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