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Good to see you posting here again Ospreyeye!
Here is my take based off of my memory, so it could be off a little.
My understanding is that the company ran into problems with the milling process. They decided that it would be better to build their own mill and worked on getting financing in place. Partially by dilution, increasing the AS up to what it is today. This drove a lot of investors here away and the PPS dropped.
Basically they tried to do too much too fast and ran out of money.
I think that they are smarter this time around and seem to have lined up a place to get the ore processed, at least as far as the article I posted previously, which indicated the ore they already mined was moved to a processing facility.
$FLPC
Daylas, see my reply to Caveat a moment ago. I made some rough estimates of how I think the scenario might unfold.
Extracting 15000 tons of ore at 20% concentration would give 3000 tons of antimony which is valued at around $8,000 at ton. So $24 million in revenue then minus expenses and my guess is $8-12 million.
Of course that is just one very rough approximation. I have no idea what expenses actually cost. I have no idea how many tons they might extract each year, I just know they are permitted for 32,000 tons a year (or is it 36, I cant remember). I'm also not sure what the concentration of Antimony will be. It could be higher or lower than the 20% I used.
The value of antinomy in february 2017 was $8500 per ton according to one article I read, and seems to be increasing at a quick pace.
All of this is, of course, just conjecture until we get more information from he company.
Just like all OTC stocks, there is a fair amount of speculation here and we just have to wait to see how it unfolds.
$FLPC
The fact is that they have mined here already and have extracted around 1000 tons of ore. The video is for promotional purposes and was filmed when they were first getting things up and running in 2013. There was no dozer in this video so I'm not sure what you are talking about? I believe it is showing inspection of the mine, not the actual mining process. It may not be an actual representation but at least it shows us what the mine looks like and gives us a visual that there is actually a real mine that exists.
Also, no one has ever claimed that it's a "fairly large" mining operation. In fact, from what I understand, it isn't that large and 6 people could be about right.
It doesn't take a large operation to make money here. It just takes getting the ore to a milling facility.
If they extract just 15000 tons (they are permitted for 32k tons a year so it could be higher) of ore at 20% antimony (it could be higher % as well). they would have $24 million in revenue. I'm not sure what that works out to in profits after expenses but I'm guessing somewhere around $10-$12 million?
Also, Antimony is getting more and more expensive so $8K may go higher over the coming years. I think Q7's DD post says that there is an expectation it could rise to as high as 25K per ton by 2020.
That would increase their profits in a huge way.
$FLPC
Video of FLPC's Fencemaker mine back in 2013
Video of FLPC's Fencemaker mine back in 2013
Maybe you should offer to write an update for them if Paul isn't available to do that.
You might have a new job ;)
Thanks for writing to them.
$INMG
I'm guessing that once the audit is complete and the company is current with financials again, Canada will allow FLPC to trade again.
Hopefully that happens in the next couple of weeks as Bob apparently indicated.
The good news is that the price is still cheap and unless you were planning to flip, you haven't missed a whole lot.
$FLPC
Lol, yes, I'm clueless.
Although I wasn't around much between 2014 and now so that cuts out about half the time.
Now I'm going to be busy on fridays between 4 and 5.
Oh, that's wonderful! Thanks for letting me know.
I most likely would have missed the message anyway since apparently I've missed it before :)
Daylas, this article gives some history on Fencemaker, but nothing specific on tonnage.
https://thediggings.com/mines/usgs10150527
I highlighted a couple of related parts below:
" 'Fencemaker' is a past producer deposit site discovered in 1880 in the Intermontane Plateaus of Nevada, The United States. It is a small deposit, located in the Table Mountain mining district and is considered to be of world-class significance.1
Antimony deposits are documented at "Fencemaker." Antimony is present at a grade sufficient to have a strong effect on the economics of an excavation project. It may even be viable as the only commodity mined.
"
Hey, did you know that Fencemaker used to be called "Lucky Lode" mine. So funny.
$FLPC
I received a private message from someone who appears to have a free membership. Can someone explain?
I also have a free membership and I tried to send them a message back but of course it said I don't have that service without a paid membership.
I'm just curious how this person was able to send me a private message as a free member?
Is there some trick that I don't know about?
TIA
:)
Daylas, that information was definitely part of previous DD and posted at some point back in 2012-2013. I don't remember the number though. You might try doing a search of old messages. I would be glad to help but my free membership doesn't allow me to search messages.
Please let us know what you find! THanks.
$FLPC
Yes, this is the calm before the storm.
Added more today. Can't resist.
$FLPC
Yes, given the history and what we know so far about the current situation, the potential here is huge. I'd say it's extremely cheap at .0012.
$FLPC
Thank you! So the Float was a little more than 1/3 of what it is today which confirms that if it got up to .08 back then, that it's not unreasonable that, given the same information, we could get to .025.
And really we could get higher because if they start actually processing and selling the ore they mine and revenues coming in, that would be a huge difference form last time around.
$FLPC
Caveat, you've been around here for years so you know that they have had Fencemaker up and running before and the potential is there for them to get it up and running again. They mined 800 tons of ore in 2013. There is no reason to believe they can't or won't again.
It's more than just on paper.
What we know already is that the ore they mined previously is at a processing facility now.
We also know that they have acquired the necessary permits.
We also have good info that they secured financing of $1.5 million
They have also indicated that an audit is being done to get them current.
We know antimony is in high demand and that there is huge incentive for them to get this operation in order.
While nothing is certain in mining or in the OTC, I think it's fair to say that there is a lot of evidence here. to suggest that we are headed towards a working antimony mine.
$FLPC
That would have been a great buying opportunity but I don't think we will get there.
GIven all that we know, this will be .005 to .01 soon enough IMO.
If we did hit trips, we have good support around .0008 and .0009 so I wouldn't expect anything below that.
$FLPC
This is my last post for the day so I'm going to address a few of you.
Pitman: The thing that will get you back up and trading in Canada is FLPC getting current with financials. It sounds like they are addressing that so hopefully it will solve that issue.
Hoover7: Thanks for letting me know. Hopefully we will head north here soon and can celebrate. I only ask for a 15% cut ;)
easymoney: Thanks for the msg. Despite my last post, I'm with you on all of that! Very confident.
Daylas: The price of Antimony is around $8000. However, the 800 tons is raw ore and unfortunately won't be close to that much when it's processed. I think someone addressed your other questions :)
$FLPC
Awesome DD! We are rocking the info here!
Just one question for clarity. Are the 750 tons and the 1000 tons two separate things? I'm confused about that. Do they have 1750 tons altogether or 1000?
Back in 2013 they only had 800 so if they are claiming to have 1750 now, then they must have started mining again at some point!
This is huge that they have buyers and ore and a mill because it means that they will have revenues to report soon!!
$FLPC
It's true that the OS was lower then, but if I remember correctly it wasn't anywhere near 1/10 lower. Maybe 1/2 to 3/4. I'm guessing if it ran the same today (as when it hit 8 cents), all things being equal, it would be between .03 and .04 given the share structure.
Also, I'm expecting when it gets that high this time, that they will be further along in the process. Back then, they had mined 800 tons of ore but hadn't processed (milled) it yet and were trying to get financing to build a mill nearby. Now it looks like they found a facility to process it, at least for the 800 tons already out of the mine. That means we are a step ahead of last time even at this moment. That means we may even see some revenue in the near term.
$FLPC
Thank you. I believe in FLPC 100% and was here back in 2013 when they ran to .08.
I guess I'm just a little impatient since I know where we were back then and I can see how much is in place now, and how we are even closer to having a working operation than even then.
It's good to know that once mining starts they can count the Antimony as an asset on the books.
Even without that though.
We have rare and valuable Antimony ready to be mined.
We have all the permits.
We have 800 tons of ore already mined and at a processing facility.
We have an experienced CEO and CFO who apparently invested 300k of their own money to get things going again.
We have what looks like a company (Group8) willing to finance them $1.5 million.
We have no dilution.
We have a stock that has seen pennies before with similar information.
and when Fencemaker gets up and running we will have the only operating Antimony mine in the US!
If said that I am done buying but if this goes to trips again I will be adding a lot more.
$FLPC
Disappointing close today but 12s held and that seems to be our new base.
I'm extra discouraged after doing all the DD last night and seeing how good things are looking for the future of FLPC. That's just the way it goes in pennyland though.
Hopefully tomorrow will be stronger.
$FLPC
I don't know if this is exactly what you're looking for but Q7 reported some numbers on the price on antimony. It does't have the royalty and yield info though:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133054882
"Antimony will also become more attractive to mining companies if the price rises as predicted. In 2004 it fetched US$2,870 a tonne, while it sells for about $8,000/t today, despite recent price falls. According to Canadian exploration company Goldstar Minerals, the price could reach $25,000/t by 2020. (note: scarce resource with good potential of continuous price increases for years to come) "
Also check out all the DD posts above.
$FLPC
Interesting. my understanding is that JLW Ranch had asked them to remove the Ore and that was one of the hold ups. In this article from January 2017 Bob states that the ore has been moved to a milling facility.
http://news4nevada.com/Content/Default/Mobile-Top-Story-News/Article/Antimony-ore-removed-from-horse-ranch-north-of-Lovelock/-3/357/31692
"In response, FLPC Vice President of Administration Bob Reynolds replied the ore has been cleared from the private land and transported to a certified ore processing facility for refinement into antimony. "
In the article I posted before, Don says they moved the ore they mined previously from JLW to a processing facility.
Unless there is new ore which they are storing at JLW, which would mean they are mining again!
$FLPC
Crazy selling here with all we know now!
I posted this earlier but it's worth repeating. If these articles are accurate, we will have some revenue soon from processing the antimony already mined back in 2013 plus Fencemaker is ready to go, and might even already be working. Plus $1.5 million in new financing!
PLEASE READ! MORE HUGE DD!!
Been doing a lot of digging this evening and check this out! (Scroll to bottom of page for article)
http://news4nevada.com/Content/Default/Mobile-Top-Story-News/Article/Antimony-ore-removed-from-horse-ranch-north-of-Lovelock/-3/357/31692
Here are the main points:
#1
The Antimony Ore that FLPC mined back in 2013 IS NOW AT A PROCESSING FACILITY. THIS IS HUGE
"FLPC Vice President of Administration Bob Reynolds replied the ore has been cleared from the private land and transported to a certified ore processing facility for refinement into antimony. Reynolds did not specify what mill the ore was sent to or the potential value of the refined antimony."
#2
ALL PERMITS ARE VALID AND WE ARE GO TO GO TO RESTART MINING
"The state permit remains valid for the restart of mining and the extraction of up to 36,500 tons of ore per year at the Fencemaker Mine, Kittrell said"
#3
THis is in addition to the new $1.5 Million in financing from Group 8 which I linked to in a previous post
$FLPC
lol, I picked up more 15 today even though I said I was done. THis is the most I've ever invested in a single position.
After doing all that DD last night, I'm convinced more than ever that we should be above a penny here.
The fact that the Ore is at a processing facility (and may even have been processed by now for all we know), means we will have revenue and a revenue stream when mining starts again at Fencemaker.
$FLPC
The Antimony ore was removed from Jerry Whyte's land sometime between October 2016 and January 2017. That isn't exactly "ages ago" and is definitely new information which was not part of the recent PPS increase.
Also, if I'm not mistaken, Group8 has helped FLPC financially before and knows what they are doing.
I'm confident that the funding is there if FLPC needs it. The article said it was to purchase equipment.
$FLPC
Why this DD is so important.:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133144731
If FLPC is now able to process the antimony ore (both the stuff they mined back in 2013 and future ore) it means WE HAVE A REVENUE STREAM and are WAY ahead of where we were when the the company halted things 2 years ago.
To me THIS IS HUGE
In addition the discovery that the company has secured $1.5 million more in financing (if accurate) gives us way more leeway in getting things up and running.
Also, having the Nevada Department of Conservation and Natural Resources confirm that all permits are in place to resume mining is good re-enforcement that FLPC is on track.
Some might think this is old news because it's from 2016 & early 2017 but the fact is that until a few weeks ago FLPC was trading at .0001 and there had been no contact from the company in 2 years. No one was paying attention. This is NEW to us and is not yet reflected in the share price.
$FLPC
FLPC is on fire! Check out the latest DD here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133144731
ddm1082, I'm wondering your thoughts on all of this, you still around? If so, we could use your vast knowledge of FLPC history to connect all the dots.
$FLPC
Yes, technically a year old but all NEW TO US and not reflected in the share price.
We haven't heard anything since 2015 and the company has been dormant for over 2 years.
The share price has been .0001 for just as long until a few weeks ago when the company put out the 8k and the letter on their website. None of that mentioned any of this specifically, so none of this has been reflected in the share price.
Basically this was all happening and the company didn't report any of it to shareholders. So unless you were looking for it by searching for mining news or news local to Lovelock NV, no one was seeing it.
This news is HUGE!
$FLPC
What this means to me is that not only have we started right where we left off back when this got up to .08, but we are in even better circumstances because the ore we had waiting to be processed then is at a facility now. That means they are MUCH closer to being able to sell that antimony and make some revenues. $$$$$
We are a little more diluted now but there is no reason this shouldn't be over a penny!
$FLPC
FLPC NEW DD 07/19/2017 ! MUST READ!
Been doing a lot of digging this evening and check this out! (Scroll to bottom of page for article)
http://news4nevada.com/Content/Default/Mobile-Top-Story-News/Article/Antimony-ore-removed-from-horse-ranch-north-of-Lovelock/-3/357/31692
Here are the main points:
#1
The Antimony Ore that FLPC mined back in 2013 IS NOW AT A PROCESSING FACILITY. THIS IS HUGE
"FLPC Vice President of Administration Bob Reynolds replied the ore has been cleared from the private land and transported to a certified ore processing facility for refinement into antimony. Reynolds did not specify what mill the ore was sent to or the potential value of the refined antimony."
#2
ALL PERMITS ARE VALID AND WE ARE GOOD TO GO TO RESTART MINING
"The state permit remains valid for the restart of mining and the extraction of up to 36,500 tons of ore per year at the Fencemaker Mine, Kittrell said"
#3
New $1.5 Million in financing from Group 8
http://www.nnbw.com/news/antimony-mine-financing/
Oct 21st 2016
"First Liberty Power Corp. of Las Vegas said last week it arranged financing for the equipment it needs at its Fencemaker antimony mining project 36 miles southeast of Lovelock. First Liberty said it arranged for $1.5 million in financing with Group8 Mining Innovations."
$FLPC
PLEASE READ! MORE HUGE DD!!
Been doing a lot of digging this evening and check this out! (Scroll to bottom of page for article)
http://news4nevada.com/Content/Default/Mobile-Top-Story-News/Article/Antimony-ore-removed-from-horse-ranch-north-of-Lovelock/-3/357/31692
Here are the main points:
#1
The Antimony Ore that FLPC mined back in 2013 IS NOW AT A PROCESSING FACILITY. THIS IS HUGE
"FLPC Vice President of Administration Bob Reynolds replied the ore has been cleared from the private land and transported to a certified ore processing facility for refinement into antimony. Reynolds did not specify what mill the ore was sent to or the potential value of the refined antimony."
#2
ALL PERMITS ARE VALID AND WE ARE GO TO GO TO RESTART MINING
"The state permit remains valid for the restart of mining and the extraction of up to 36,500 tons of ore per year at the Fencemaker Mine, Kittrell said"
#3
THis is in addition to the new $1.5 Million in financing from Group 8 which I linked to in a previous post
$FLPC
Yes, $1.5 million in financing is huge! It means Group 8 is still behind FLPC (they have provided financing in the past as well)
Of course it also depends on the terms of the financing as well, but just the fact that someone is willing to put up that much money to fund them is major!
$FLPC
Also found this:
June 2016 FLPC Water Control Permit
http://sec.nv.gov/appeal_docs/fencemaker/NDEP_Notice_of_Decision.pdf
8 June 2016
NOTICE OF DECISION
WATER POLLUTION CONTROL PERMIT
NUMBER NEV2009104
First Liberty Power Corp.
Fencemaker Project
The Administrator of the Nevada Division of Environmental Protection (the Division) has
decided to issue renewed Water Pollution Control Permit NEV2009104 to First Liberty
Power Corp. This Permit authorizes the construction, operation, and closure of
approved mining facilities in Pershing County, Nevada. The Division has been provided
with sufficient information, in accordance with Nevada Administrative Code (NAC)
445A.350 through 445A.447, to assure that the waters of the State will not be degraded
by this operation, and that public safety and health will be protected.
The Permit will become effective 23 June 2016. The final determination of the
Administrator may be appealed to the State Environmental Commission pursuant to
Nevada Revised Statute (NRS) 445A.605 and NAC 445A.407. All requests for appeals
must be filed by 5:00 PM, 18 June 2016, on Form 3, with the State Environmental
Commission, 901 South Stewart Street, Suite 4001, Carson City, Nevada 89701-5249.
For more information, contact Shawn Gooch, P.E. at (775) 687-9557 or visit the Bureau
of Mining Regulation and Reclamation website at http://ndep.nv.gov/bmrr/index.htm.
No comments were received during the public comment period.
Check this out! Doing a little FLPC research this evening and found this from Oct 2016
Unless this is old, it looks like Group 8 is providing more financing to FLPC.
http://www.nnbw.com/news/antimony-mine-financing/
Oct 21st 2016
"First Liberty Power Corp. of Las Vegas said last week it arranged financing for the equipment it needs at its Fencemaker antimony mining project 36 miles southeast of Lovelock. First Liberty said it arranged for $1.5 million in financing with Group8 Mining Innovations."
Thoughts?
Any good resources for how to set good Stop Losses?
One of the questions I have is whether it should be AON, but I'm also looking for a good tutorial.
Thanks!
Thanks for the recommendation. Took a position in OTTV today at 21.
Hope the news is good tomorrow.
$OTTV