The Mine was said to be worth $10,000 Per month in rent. Too high for that Mine. $2000 is the Max for the Pit until it delivers, then they could 'up' the rent?
Don't know what they were paying. FLPC put it 'on hold' to conserve cash, so this means they were obviously not going to waste money by keep paying rent. Had it NOT been a waste of time, and proved viable...which at the moment , it isn't, they would have Capitalised on the fact that the A/Ore was available in decent quantities, but it wasn't judging by the small percentage in the 999 Tonnes and part thereof that was tested.
If it were THAT worth while, the Mine Owner's would have probably Mined it before FLPC came along. So, at the moment, the owner's would have been the winner's from FLPC paying them a monthly rent...IF they ever paid them. Besides, as I have said, if the Yield was good, all and sundry would have probably Bid for the Mine in sealed envelopes?
Cash is too hard to come by for FLPC at the moment, loans won't be forth coming unless the mine PROVED viable. Lender's would demand a secured loan. Also, FLPC's Track record for paying money owed is appalling, so I doubt anyone will be interested for a 99.9999% chance of loan payment default unless they have the Security.
It will remain UN mined for the foreseeable future unless by a stroke of luck a miracle happens?
