First a caveat, then my questimates as to the potential of FRMA’s projects
Don Ramon. There really,at this time, no reliable N143-101 “The company is also in the process of engaging a Certified Professional Geologist (CPG) as a qualified professional (QP) to complete an initial “NI43-101” report on the Don Roman project. It is the intention of the company to bring the project into compliance with “NI43-101” standards.” Since the samples have long been in possession of the company dating from the first attempt to process feed for the mill, this report should not take too much time. At that time 2010, the grades from the Rosario section of the Don Ramon holding, which is the current expected source of tonnage, gave grades of 9-10% zinc, 2% lead,12 gram. silver and 1gram gold [ I repeat not N143-101 compliant].
The Ramon mill is capable of having 3 ball trackings to refine the ore. Once in full operation that could indicate a thruput of 360 tons a day. The estimated recovery was placed at 85-95% which was achieved in initial trials. Using numbers from that era at the time, it was estimated a NET PROFIT of $765,000 per month would be achieved-This was based on pricing of the minerals at that time.
Additionally, the size of the prospective ore body is still open at all levels -19 kilometers long, 300 meters wide and 200 meters depth. With possible more structures not revealed at this time.
Again the above is based on what was reported and estimated in 2010 and subject to reality!! But I can dream.
But the above is not the only possible revenue generating projects by management Not by a long show
Saucillo Project, Concordia, Mexico
“The property is approximately100 hectares in size and hosts at least one silver/gold vein structure.”
Although sampling to date has shown encouraging results a”300-tonne bulk sample through a third party processing facility will be tested” to, hopefully, prove the value of this acquisition.
“Magistral Project is nearing completion on the construction of a Meryl Crow recovery plant with an estimated throughput capacity of 1,000 tonnes per day.”Hopefully, January will see thru-puts started and full production achieved Our 50% partner MXL has estimated revenues of 4-6 million dollars per year once in full production and, of course, depending on gold mineral pricing at that time.
Durango Project has been put on hold until the Magistral revenue stream has been established. The project includes a smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. The smelter was built to receive and process material from small-scale miners across the state of Durango and beyond. MXL has suggested a revenue stream of $5-700,000 a month was possible when established.
The Picacho Project
“The company is working on a development strategy for the Picacho project, which will focus on production of the Picacho vein. It is expected that a plan should be defined sometime in the first quarter of 2018.”
It should be remembered that the Yamana Gold had drilled the Picacho ore body in 2011 and identified 100,000 oz of gold but determined NOT to develop the property.It is FRMA's 100% owned, an opportunity waiting with possible further exploration findings.
Again, please do your own DD. I have been a shareholder since the beginning of Tara Gold and Tara Minerals. Thru good and bad times Management has been good and not so good but historically that is the plight of all mines. I feel confident we are going to see great results but obviously, I wasn’t smart enough to avoid the collapse of the last number of years.
