FOREX - Pennystocks :Follow me on Twitter . @jotuk6771
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Current dilution is covering the Toxic financing agreements done in 2013 , not the current working capital .
Added early as well . FLPC
Chas1 , in my opinion , this mill will be rented in order to produce gold from Rose Creek for cash flow and maybe improved for some antimony , but the main one in the business plan isn't this one but the mill on which they are still working on with the help of Applied Soil Water Technologies .
Good Job , llhabela777 and Bontooth ! ;0) Keep the constructive DD coming !
Cheers
First Liberty Power to Acquire Additional Interest in Key Subsidiaries
Pathways of Progress Announcement
Reno, NV, July 21, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCQB), a diversified exploration, development and mining company focused on strategic minerals for America's future, has announced the completion of negotiations to obtain majority interests in key subsidiaries.
First Liberty Power CEO Don Nicholson provided details of this major step forward. "I am pleased to announce that First Liberty Power has reached an agreement, in principle, to acquire the controlling interest of Stockpile Reserves LLC, Central Nevada Processing Co. LLC and SG8 Exploration LLC (collectively the "LLC Companies") from the three major shareholders of the LLC Companies," Nicholson said. "This is an all-stock transaction, with the maximum consideration for a 100% interest in the LLC Companies not to exceed 15,000,000 shares of the common stock of First Liberty Power. The remaining minor shareholders of the LLC Companies will be provided an opportunity to divest of their interests on the same terms. First Liberty presently holds a 50% interest in the LLC Companies, and will hold at least an 86.5% / 94% / 94%, and up to a 100% interest, respectively."
The closing of the transaction is expected to take up to 30 days to complete the procedural requirements, after which time all management and operational decisions concerning the Fencemaker mine, development of mineral processing operations in Lovelock, and exploration of the properties held by SG8 Exploration will be undertaken by First Liberty Power. Additionally, the Company has completed the formation of four wholly-owned operational subsidiaries: First Liberty Properties Ltd., First Liberty Exploration & Development Corp., First Liberty Mining Corp. and First Liberty Mineral Processing Corp.
Nicholson noted the purpose of the new business structure. "These four subsidiaries will operate independently of the LLC Companies in undertaking all other developmental and operational activities of First Liberty Power," Nicholson said. "However, aspects of each of the LLC Companies will likely be integrated into the subsidiaries over time as a means of improving overall efficiencies."
In a separate matter, having obtained unanimous approval of the Board of Directors and the consent of the majority voting power of the Company's shareholders, First Liberty Power has commenced the process (Preliminary 14C filed with the SEC on July 14, 2014) to amend the Company's Articles of Incorporation to increase the quantity of common shares available to the Company. http://www.firstlibertypower.com/investors/filings/
First Liberty Power Board Chairman Bob Reynolds provided details of the authorized share increase. "The acquisition of the LLC Companies, combined with ongoing discussions with potential financers and contractual obligations for share reserves from current debt holders, has provided the board with the impetus to increase the A/S limit by 420,000,000 shares," Reynolds said. "The purpose of the increase is to clearly communicate the Company's intention to advance the business and develop its significant portfolio of mineral properties."
First Liberty Power will continue to use Pathways of Progress announcements to make public Company details and advancements in their operations.
As the I-Box has not been updated since early 2013 (!) it's to note that FLPC is holding now almost 100% of Fencemaker....
FLPC - Current Market Valuation : $1,5M (!)
The price of 2 good shells ...
I guess we should rather run a crappy website selling sponges and maybe the Market would give us $50M Cap , lol ....
FLPC - CENTRALIZED UPGRADING FACILITY #1
The facility is to be implemented in a staged fashion, so as to help streamline and optimize the permitting process, equipment ordering, and allocation of manpower and resources. We anticipate having Stage 1 operational in late 2014. We are making every effort to accelerate timelines, particularly in terms of multi-metal processing even on a smaller scale, and will do so whenever viable.
STAGE 1: PRIMARY CONCENTRATION
Target date: Late 2014
Ore Input Capacity:——————-200 MT/day
Primary Feedstock:——————-Stibnite ore, projected 3% grade (100 MT/day)
Output grade of concentrate:——-30%+
Primary Concentrate Output:——Approximately 9 MT/day @ 30%
STAGE 2: INCREASE CAPACITY
Target date: Winter 2015
Ore Input Capacity:——————-200 MT/day
Primary Feedstock:——————-Stibnite ore, projected 3% grade (200 MT/day through mine ramp-up)
Output grade of concentrate:——-30%+
Primary Concentrate Output:——Approximately 18 MT/day @ 30%
STAGE 3: INCREASE GRADE OF CONCENTRATE, ADDITIONAL METAL RECOVERY
Target date: Spring 2015
Ore Input Capacity:——————-200 MT/day
Primary Feedstock:——————-Stibnite ore, projected 3% grade (200 MT/day)
Output grade of concentrate:——-30%+
Primary Concentrate Output:——Approximately 18 MT/day @ 30%
Concentrate Input Capacity:——–Up to 50 MT/day of 30% concentrate
Output grade of concentrate:——-60%
Secondary Concentrate Output:—Approximately 8 MT/day @ 60%
Complementary circuits for the recovery of additional metals
STAGE 4: INCREASE CAPACITY OF PRIMARY CONCENTRATION
Target date: Summer 2015
Ore Input Capacity:——————-400 MT/day
Primary Feedstock:——————-Stibnite ore, projected 3% grade, multi-sourced (300 MT/day)
Output grade of concentrate:——-30%+
Primary Concentrate Output:——Approximately 27 MT/day @ 30%
Concentrate Input Capacity:——–Up to 50 MT/day of 30% concentrate
Output grade of concentrate:——-60%
Secondary Concentrate Output:—Approximately 12 MT/day @ 60%
Projected refining capacities by summer 2015 were 12MT at 60 % per day.
Depending on the financing capacities ....
"near-term expectations of gold production "
" (...) ,this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
Current price for antimony ore at 60% quality is around $5000 per MT ...
$FLPC -The Liberty Property and Circuit
Liberty has an 8 acre fenced yard on 40 private acres, and operates on 4.8 acres within the fenced area. There is an 80 by 150 feet industrial building with a concrete reinforced floor surrounded by an 8 inch high containment curb. Liberty has sufficient water (4 acre feet/yr) and new electrical service (800 amps at 480 volts, 3 phase) to meet expanded processing requirements. There are containment structures outside the building for (1) storing feed materials, (2) solid liquid separation, (3) recycling solutions and (4) evaporation of process solutions. Delivery and stockpiling of materials is preferred in super sacks, but bulk and barrels can be accommodated.
The building floor is graded to a floor drain which drains to a 500 gallon covered sump which can be transferred to a 5,000 gallon recycle tank. There are 35,000 gallons of secondary containment in the building. The pad, sump and containment are all coated with epoxy based acid resistant material. Liberty’s 6 bay building has a 76 by 122 foot processing area with the remaining area devoted to a wet laboratory, AA room/office, weigh room, fire assay and laboratory roof mezzanine warehouse. There are separate maintenance and electrical shops, 2 office buildings, a break/lunch trailer for personnel, and 2 trailers for housing.
The processing circuit includes: a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
http://www.coronetmetals.com/liberty-processing-facility-property-circuit.html
It was bogus info , the company denied it on FB .
Nice . Not sure about the Mill location , Coronet talks about the Amargosa Valley ?
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-gallery.html
As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000 ; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
FLPC - SS UPDATED EVERY FRIDAY ON THE COMPANY WEBSITE ! NOTHING TO HIDE !
WHO CAN NAME ANOTHER OTC TICKER UPDATING HIS SHARE STRUCTURE PUBLICLY ON A WEEKLY BASIS ??? ...
http://www.firstlibertypower.com/investors/stock-information/
Dilution is over , imo. Curious to see the SS UPDATE tomorrow .
That' s right , Max ;0)
Sorry , as i'm the author of this bogus info regarding Coronet's Gold Properties .
Yes , that's it , but nothing on Coronet's other Gold deals as the White Caps Nevada or Peru Projects.
A National Instrument 43-101 Technical Report
on the Phase 1 Drilling
Fencemaker Antimony Project,
Pershing County, State Of Nevada,
U.S.A.
http://www.firstlibertystrategic.com/wp-content/uploads/2012/09/Fencemaker-Drill-Report-43-101.pdf
National Instrument 43-101 (the "NI 43-101" or the "NI") is a standard used for the public disclosure of information relating to mineral properties.
Plainly put, the purpose of the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges
FLPC
(...)
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. High-
grade mineralization exists to a depth of a minimum of 110 feet (33.5 m) below surface. A cut-off
grade of 0.40% Sb was selected for an NI43-101 and SEC compliant Inferred Mineral Resource.
That Inferred Mineral Resource is from five individual blocks totaling 34,125 short tons with an
average grade of 2.92% Sb. At this stage no upper cutoff value was selected and calculations were
based on original assay results. Within this estimated total resource higher grade blocks, up to
10,500 tons of 4.17% Sb are present.
(...)
http://www.firstlibertypower.com/wp-content/uploads/2012/09/Fencemaker-Drill-Report-43-101.pdf
The stockpiled Fencemaker ore ( around 700MT )should be used to test and calibrate the Mill , as per BOD previous statement .
CJ >>>> http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106717595
;0) Sorry , my wrong.
Tonaquint still has to convert at nice chunk of around $280k a fixed price of .015 by december ... Who wants to bet Tonaquint would hate taking a loss on this note ? ... ;0) FLPC
Max ,unfortunately current dilution is still just paying the cash borrowed last year to toxic financers for Fencemaker , any dilution this week isn't directly allocated to the mill ...
Agreed ! ;0) Cheers!
$FLPC - Doji posted today and 1 tick down after 60M volume, everything open for tomorrow . ;0)
$FLPC - Doji posted today and 1 tick down after 60M volume, everything open for tomorrow . ;0)
$FLPC - Doji posted today and 1 tick down after 60M volume, everything open for tomorrow . ;0)
There will be a time the Market will correct this ridiculous Market Cap if the BOD can , this time , achieve his goals ...
"The market has had time to react to the Mill news"
I have purchased as many as I can afford this ... year ... ;0) FLPC
Only CDEL and NITE selling below .0025 .... FLPC
Time to UNLEASH THE WHALE$$$$ ! ;0) Squeeeeezzzze...... FLPC
All this drama for... 2-3 ticks??? Lol
BMAK has been on the bid all the way to .08 in november too , just saying...
" The street has now factored this news into the shareprice "
So this Mill is worth ... 2 ticks ??? lmao ,0)
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-gallery.html
As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000 ; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-gallery.html
As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000 ; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
Half about it , i guess ... But it looks good , did you see the Gallery ?