As far as I recall, it was 20,000 Tonnes a year, and the Licence expires in October. That's a very small tonnage with regard to Mining and to process that lot (if they get that far), is around $80-200 per Tonne, it depends on the tested yield. The higher the yield, the more it costs to process. Look online and see if you can find some up to date figures.
To get anything Worth while, based on the small percentage tested yield that was Mined by Stockpile Reserves, they will have to Mine several times that, so it would mean extending the Licence to a higher Tonnage...if they ever get to that stage. The fact they have just under 1000 Tonnes of Ore just sitting around, means it's not yet economical to process it for small cash amounts?
It will be AGES if they get around to doing it, and ages if ever, actually mining for the FIRST Time by FLPC...NOT Stockpile which technically was or is owned by FLPC. Don Nicholson was the Manager of Stockpile, then sold to FLPC who Don Nicholson was working for. The purchase was in 'Stock', not hard cash, so it's all a bit twisty twirly! Don and Bob are Major Shareholder's the main 'Owners' of FLPC while Don 'Owned' Stockpile but was a subsidiary of FLPC. Something like that, but even you could call yourself Joe Bloggs Mining, work for FLPC and under the JB Mining name, stick a few bits of Dynamite in the ground, blast a few Tonnes of Ore and then sell the company for a profit...offset the purchase against Tax, up goes the Share Price of the purchasing Company, sell your stock and come up smelling of Roses?!!
Sounds dodgy, but perfectly legal. It's a good way of cashing in on doing next to nothing! FLPC are good at doing not a lot! If you look online for ANYTHING much done by FLPC, you won't find it, because they haven't!! FACT. All they've done is bought Licences, dumped Ore on peoples land, shifted it from A to B to C and left it in a big pile where it will stay 'forever'. Not a lot else. Don't forget, FLPC DIDN'T Mine the 1000 Tonnes of Ore. They call it the MINED Ore. It was inherited. lol. (FARCE!) Take a look :))
