A very good and realistic post from RJB. It backs up my claim of the BoD not answering e-mail's, or at least MOST e-mail's.
We all agree that Antimony is in Fencemaker, and it is no doubt in commercially viable amounts. However, it will only be commercially viable if it can be extracted at 'low cost' to maintain the claim of viability.
As FM has been Mined heavily since 1922, the 'viable' quantities are going to be very deep down, so unless methods are available to get at it 'quickly', efficiently AND economically, the chances are it will remain there?
As yet, and being realistic, the cost to get at it will not be cheap. 'Cheap' doesn't have any place in the Mining vocabulary. In addition, by now and over the last 5 years or so, another Mining company would have picked up on it and joined the game. Anyone can tell themselves the reason which they haven't. Simply,...COST, and based on the 1000 Tons Mined by Stockpile, just a few percent will not justify thousands of Dollars...ONGOING...for meagre amounts. Had they processed this lot first, they may be able to have sufficient cash that MAY go some way to make a few detonations. However, if is is only JUST viable to process it but not Mine, the proceeds of any sale at all will end up in the same place as most of the Millions they originally had!
This loose change will probably not be enough to Hire Plant, so as RJB rightly states, the BoD need to communicate with the Shareholder's and offer genuine and honest information about the predicament of the company as it is, and what they ACCURATELY propose to do...AND do it!
There is no reasonable reason why all of a sudden, they are ignoring Shareholder's e-mail's. No excuse to withhold comm's for all this time. Is the office open (?) If they can't, they should ask someone else to e-mail a standard letter, pre written and send it out as a communique.
RJB, perhaps you can phone the office, if there's no reply, you may need to contact the Telecoms company to see if the Line is still active. More often than not (in the UK), the phone will offer a courtesy ring tone even if nobody is there to answer?
