Firma Holdings Corp. (FRMA)

[stock_peeker]

Does anyone have a source for independent verification of the current AVERAGE THROUGHPUT PER DAY at the mill? The latest presentation refers to mill capacity of 240tonnes/day, but we really don't know that they are getting that thruput per day vs. that being the most that can go thru the mill in a day?

In other words, if we assume they are processing 240 tonnes/day x 365days/year we get some very good numbers on revenue. However, if they are only able to run 240tonnes/day about 3 days a week because of occasional downtime, slow days, or Mexican holidays, we should expect annual revenue that's considerably less.

The presentation didn't say they expect to process 240tonnes x 365 days per year. They said the mill can now do 240tonnes/day.

Not really trying to bash TARM/TRGD, just saying the presentation didn't say they are now processing 240tonnes/day each and every day, so we may be overestimating the revenue and profit we should expect, thus we leave ourselves open to a significant negative surprise.

'peeker