BeWary: Good post :) The problems with these guys, it's always lots of talk and no action. They've been sitting on Fencemaker for years and nobody has come forward to have a go at it, at THEIR own cost. If the 'Stuff' was there and they felt sure that there could be something in it, they could have had a free hand and whatever that is deemed worth while, pay FLPC an on going Royalty per Tonne.
There is NO chance of FLPC dealing with the Mine on their own as they would have to call contractors in and that would cost too much, so it sits dormant and is likely to remain so. It's quite possible that some 'on the side assaying' has been done because they aren't just going to sit on a Duff Pit without knowing what's inside. At a guess, it was a waste of time and money and I expect word has got around to the fact that it is just a hole in the ground that nobody is interested in as it's only a talking/ramping point and little all else.
If WHITEDOG is saying go very long on this one, you may find that very long is likely to be very short. As BeWary suggests, and I too have said that not enough people are putting pressure on the BoD to spill a few Beans and tell them to spell out how it is. If they answer, it will still be a revamp of all the other e-mail's that denotes no progress and ambiguity. The BoD won't say a word other than what they want you to hear and whether what they say is to be believed is questionable. It's happened before and they did nothing, (it's all on the net).
They have been searching for partners and lender's, but nobody wants to know and with all this debt, they have most probably run out of options? They have no collateral back-up so they will have to rely on outside sources to start any digging and hand over the Mine to someone who has enough cash to take the risk but will they? Unlikely as it would have happened by now.
I expect the usual claim of 'Slander & Innuendo' post to follow!!
AI
