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Re: stargazer123 post# 70933

Monday, 03/19/2018 9:28:06 AM

Monday, March 19, 2018 9:28:06 AM

Post# of 72908
Cripes, a full blown History lesson!! lol

"All in all, our company could be even more valuable than we thought.

If this was so, why, when all said and done, aren't Miner's falling over themselves to Mine it (Fencemaker, that is). Well, the reason is that the 1000 Tons of Ore Mined by Stockpile Reserves, only proved to have a very limited value to the Ore which is at present, uneconomical to process.

FM was Mined several times as you know, and was closed down by FLPC to "Conserve cash". William Voaden set up a Funding Website for anyone who was interested to jointly fund the re-Mining of said Mine, but he had no taker's. Why, because it was going to cost too much to dig way down to extract Antimony Ore with no guarantee of success and hitting decent Pay Dirt, hence it remains dormant.

The return against cost would have long been realised by now, but it is what it is and that's a potential White Elephant with too much risk attached. FLPC have played the Antimony hand for ages, but as a company, FLPC has done nothing, or at least, very little to get it up and running because the cash call on this is waaaaay out of their range, hence the request for a JV.

All very interesting in the story you provided, but it has little bearing on FLPC as a Junior 'Mining' and Exploration company if nobody's interested!!

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