This all correct. It now makes the existing ore more profitable to process and should be easy to sell. Bear in mind a few factors: FLPC needs to be relisted on the SEC first otherwise they won't have the exposure to attract any new shareholders. Second, and very important, investors need to know the financial position of the company before embarking on investing in a high risk share, so the Filings (now at least 6 years late), need to be released. They also need to pay the accountants.
Other issues are that the 'New' Website is many months overdue for publication and there can't be that much detail in that it couldn't have been made public a long time ago. They also need punters to be aware of exactly what the "Restructure" was all about and so far, there has been no encouraging words from the BoD as to exactly what, if anything, was being done, so it's rather an unknown quantity?
Bob says that 'Management' are funding the company but to what ends. This means there's no money IN the company to extract to fund the company so this means the management are in a better financial state than the company itself. Work that one out?!!
Finally, with all the above taken into account and the money side of things, unless they find a sponsor to take on the Mine(s), FLPC won't be able to afford it due to weekly/Monthly costs of operating it's infrastructure, this is of course, the rent of the Heavy Plant and the workers. FLPC tried to gain additional financing from advertising for assistance a few years ago but nothing as far as I know was forthcoming. I cannot see any lender forking out to support FLPC without figures to qualify the guaranteed payback of any loan as their financial track record of zero input in what, 11 years is nil, so they are on a permanent increasing deficit with Toxic debt of c$1.5M at least, probably nearer £2.5M by now. This was from the last filings release c2013?
If you can come up with a plan that will allow FLPC to reopen the Mine and trade, you should be on the Board. The Mine Owners, 'Silver Bell', may well reopen it at some point if they can find anyone and agree on a rent other than c$10,000 a month I think it was, but may have been over a longer period, but anyone interested is going to want 100% proof that there is reasonable and easy access to the Antimony/Ore to justify further progress and become cost effective?
Ultimately, there are many factors in the way that will restrict FLPC from mining Fencemaker unless by pure luck and Government assistance, they somehow hit 'Pay Dirt'?
Regards
CE
