What may not be taken into account is that metal prices are starting a multi year uptrend. And secondly, new ways of extracting metals from their ore are being constantly improved on. Experimental techniques, if proven in larger sized tests, will make be much more efficient than present methods, and much more economical.
At the present time, Fencemaker's stockpiled ore, and it's deposit of ore, may not be economical to mine.
There are a lot of previous deposits in the area that were mine profitably when prices were higher.
With the coming multi-year bull market in metal's raising prices, and the much more economical methods on the way of extracting those metals, I would think that some point in the future, not only will Fencemaker will be re-opened, but that surrounding deposits will be added for exploitation, and that First Liberty Power (FLPC) will be even more profitable than previously imagined.
I'm still holding on to my shares.
