FMNJ-news -Revenue 1st vein Cerro mine $52,500 a day
estimated conservative revenue from the 1st of 4 veins of the Cerro mine for FMNJ at $52,500 a day (@ $700 a ton).
$52,500 a day = +-$16-19Million in annualized revenue from just the 1st vein. Reports coming out near term on the reserve potential on the other 3 veins. If similar, possible revenue per year @ +-$60 Million for the 4 veins. (+.20 share value)
Plus, FMNJ has the jv agreement w/YPFB to construct and operate the Liquid to Gas refinery, with possibly more to come.
As always, do your own due diligence as this is my opinion only.
Best Regards
