Firma Holdings Corp. (FRMA)

[Sam Dan]

Have done some working of numbers from the PR
"The project includes a fully permitted 500 TPD Dynamic Cyanide counter current system plant. Construction of the plant was completed in 2013, for approximately $4.5 million and is in excellent condition. It is unencumbered, fully permitted, and it is estimated that it can be fully operational within 4 to 6 months. Additionally, the Magistral project includes the exclusive rights to process approximately 1.2 million tonnes of mineralized mill tailings, grading an average of 2.06 gold per tonne (79,000 ounces of gold)."

To extrapolate from this estimate Total value if Gold at $1250.00 =$98,790,000. With production at 500 TPD will produce over 5-6 years and recovery of 80 % [could be higher] $2.1 million a month .Estimate $1.1 million net revenue split 50/50. There is a possible enhancement of the recovery ability estimated at 800 TPD. Thus higher revenue in shorter time frame- enabling additional projects sooner. AS well the facility at the plant can service tailings deposits held be surrounding companies in the area as no other facilities exist