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great news, the first step for production it the mining site preparation and contract man power
Quebec, canada is a bit to far for me to make a visit
i would want to take a look of the mining site with my own eyes just to make some real assessment of what we have.
they own 40,5% of the revenues , but i only calculed the max of ore they can extract.after all the 100 ton per day is 40.5 ton per day for flpc
"FLPC current projections indicate that in the first 12 months of full production, Fencemaker operations will contribute approximately $7.2 million of top line revenues to the Company".
this means that when they are in full production(could take a while) they will make 7.2 M$ but take out expenses, how much is left in net gain. they never said net revenues
I do understand the point that in the vein, we do have a high grade of sb but dont forget it's a vein of Sb2S3 that means only 71,68% in the ore is sb. And when you are blasting, there is no way possible to get just ore from the vein, some waste will be mix to it. and a ratio 1:1 is very generous, most of the time it is around 3 to 6:1
But i do understand that in major mining industries, the first 1-2 years plan is to get as much high grade of ore as possible just to get back what you spent, it's a safe way to make sure that the company survive if the price of the ore drops.
Of course for the daily operating cost will be much more higher in the first 1-2 years plan because you have more expenses.
you have fix expenses, you have variable according to the amount of ore extracted. we have site praparation, preproduction stripping, underground equipement, maintenance facilites, electric power supply, distribution of water supply, infrastructure, feasibility, engineering, planning, supervision, management, construction, admin, accounting, staff, legal ...
were i work, i blast around 75 000 ton per week of ore+waste, and we are able to load and hauling for 10 000 ton per day for an average. so for me, there is a bif diffence between 100 and 10 000 ton per day. but hope they make a lot of money because i got my shares and ready for some action.
this is my estimation of what could be.
let say they are mining 100 ton/per day.
from this 100 ton, we have ore and waste + dilution because you can not mined just the sb vein. let us be conservative and say that we have 1:1 ratio ore and waste also (from Fencemaker Drill Report 43-101)2,92% has an average grade. so that means we have extracted per day only 100*0.5*0.0292 = 1.46 ton of sb.
with a 40% recovery this leave us with 0.584 ton of sb worth 10000$/ton `so we get 5840$ per day. minus production expenses of 5000$, that leave us with on 840$ per day .
by the way, i'm a mining engineer and all of this is speculation because we are missing to many variables.
any comments are welcome.
anyone knows how much (ore +waste)ton per day they are planning to extract? and what kind of method are they going to use to do it?
look like some people know what the news is all about before us and taking advantage in selling before the big dump.
my opinion of course
could it be a bad news that got leak?
thanks and just bought more
Nobody has L2 please
can someone post level 2 . thanks
gap up tomorrow
market Value of $110,814,430? is this company worth that much?
any comments?
some profit taking and then we go up
anyone knows how long it takes to be current information from the start the send the filling ....
vndm could be just retail and not always diluting
vfin at 0.02
we past trough vfin twice with just a few shares. i think that it over for know, no more dilution until maybe the p/s is back up high. any comments?
chasing for share!
testing 0.005 by the tomorrow and then up we go to 0.01
people will chase this very soon
dont be scared, just profit takers from the 0.0085 and then we go back up
Dilution will end when? any guest? comments?
does anyone know how much share has been dumped by sunr?
vndm 1 ???
scare tactic
last time it did that, it went to 0.017
slow start,then big jump
who would want to sell his shares at this level?
i can see that ask is thin in level 2!
Going to be hard to get share. my opinion
any comments?
sunr = dilution???
profit takers where are you?
here we go, most profit takers are gone
wrong not a sell off, only 7 M, that's very low volume
healthy pullback/profit taking from last week gain.
Just a matter of time before we start to go up again
gapper tomorrow!
this will go up fast, ask looks very thin
as a mining engineer, i would tell anyone to buy the stock because it will be over 10$ for sure but it will take some time.
They have many step to achieve but they are going to be the first to get ore from under the ocean. this is an amazing evolution in the mining industry. compare it to buying share of microsoft under a dollar in 1987. you would be a retired millionaire right now
good luck and see you in a couple of years