InvestorsHub Logo
Followers 9
Posts 1473
Boards Moderated 0
Alias Born 11/17/2014

Re: silve post# 70679

Thursday, 01/11/2018 11:08:00 AM

Thursday, January 11, 2018 11:08:00 AM

Post# of 72908
SILVE: Their agenda is to Mine, no problem... or is there? When the Filing's appear, you will see how much money there is or isn't to achieve true Mining status, that's what you all want. That means continuous blasting, processing and selling. They have to GET to the stuff first, bearing in mind that Fencemaker has been Mined from 1922 and then 1985 and after that, it's been left with no significant and profitable Mining since then.

There's ONE big issue. COST!! Whilst I don't exactly know and I doubt anyone else here does, how much the true magnitude of day to day, month to month Mining Operation's cost. You cannot even accurately guess.

To Hire Plant, staff, loading, transportation, unloading, storage, processing costs and so on, this could cost tens of thousands of Dollars per MONTH, even before it is ascertained as to whether or not enough Ore has been blasted with GOOD QUALITY Antimony in it fit for resale. So far, the existing Ore had insufficient Antimony worth processing (as per the BoD mail ages back).

Whatever the case, FLPC will NOT have enough cash to fund a full Mining Program. If they had $1m spare Dollars, they have a slim chance, but they STILL need to continue the process whilst whatever they dig is being processed. They will run out of cash almost immediately. You can ask Bob via e-mail, how, if ever, he can financially support a proper Mining Program with profit enough to carry it on.

Think about it with all the Debt, I doubt it can be done?
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.