"how does it cost to bring back to life an old unexploited antimony mine like Fencemaker"? Do you mean, "HOW MUCH does it cost to bring back to life an old unexploited antimony Mine"....etc.
You are asking a question to someone that is supposed to have ZERO Mining experience!! How would you know I have ZERO experience? I have been in Oil Mining for 13 years, therefore my experience is not Zero.
I can tell you exactly how much cash will be needed.
A). It is impossible to tell EXACTLY how much because there could be an ongoing budget and an amount of cash put aside for the initial start-up, if the cash becomes available. It is open-ended because nobody will know EXACTLY the costs over an exact period due to 'unforseen events' in whatever shape form or size they take. Anyway, this is about Rocks and similar costs will bring about a huge reduction in cash, especially when they have nothing to sell as there is nothing mined or assayed or sold. So, the costs are rising even before they get the stuff out of the ground.
2.) The answer as to the cash required to get it under way, is in fact NONE!!
REASON: It won't happen because FLPC won't do it. They may say they will "When funding becomes available" but it won't because they will have spent it on paying off company debt. They may issue more shares and dilute the SP even further, but they will not be sufficient investment to see it through. Guaranteed. All it will do is create a lower Share Price and make it tougher for those already invested.
You did ask about how much mining knowledge I have? I learned this and more from Oilers where NOTHING was ever g'teed, like parts and mechanical issues that ensue when drilling starts. Then there is delivery of Rig (Towed and the weather delays) and other issues plus time spans that go with it. It all brings about a drop in the SP.
You have Wire Logging costs, Water Flood possibilites, Drill damage, GPRS costs and then IF the Oil is there, how many BOOPD can be extracted processed, the current costs of oil against initial Oil cost when the deals were done. After that, the SP will drop as the Oil price drops which affects the Profitability, which affects the Share Price and so on. The it's whether the Oil is 'Sweet' or Heavy crude and the costs of processing it
An easy answer to your question and the most likely. How do you think they will acquire funding? A fairly straight forward question. Opinion's is what the Forum is all about to stimulate discussion.
For your interest, my last Partners Ex- Husband was the Vice President of Amoco, Asia, based in Houston. He was the top Geo Fizz out there. He sadly died of a Brain Tumour about two years ago. AND I can name names and tell you all about him, but I won't here!!
