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A history lesson- FRMA [AKA Tara Minerals} had

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Sam Dan Member Level  Friday, 12/08/17 04:56:37 PM
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A history lesson- FRMA [AKA Tara Minerals} had a run from .10 to $3.00 when the mining Markets were VERY hot early 1990s -2000 substantially because the company was building Don Ramon plant to process their significant Zinc, lead ;silver and some gold . My senior mind believes the plant cost approx.9 mllions As well at that time Yamana was exploring the Picacho gold prospect owned by FRMA.
Then things when bad. The team supposedly mining the Don Ramon holdings were not capable of delivering the expected minerals to the plant. Gold tanked and Yamana’s need for over 200,000 ox of gold from Picacho preliminary testing fell short and they cut back on most of their projects besides Tara Minerals.
Management then turned to non=metal projects a la Italian Gelata with a firm contract with Tyson foods and shipping containers of fruits and vegetables –Don’t ask- but they tried
So now we are back to the original concepts of Mexican Mining!
Hopefully, management has learned their pluses and minuses. Mr. Biscan has the contacts and wisdom to obtain promising projects and the acquaintances who will joint venture with him. These JVs saves FRMA from severe share dilution. The people who are partnering bring experience in exploration and mining and knowledge to run the plants that produce the revenue products.
Can the future bring a return of success? Time will tell.
Everyone should do their own DD


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