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Re: ficose post# 60196

Friday, 01/11/2013 7:36:49 AM

Friday, January 11, 2013 7:36:49 AM

Post# of 67010
HR issues not a problem ? I agree solvable , but finding experienced people in a time of high precious metal prices will take some time, and generally will need to be hired before production starts. Supplies need to be ordered, equipment in particular will have some lead times.Hard rock miners with experience are doing well at operating mines, chances are good miners already working. All I am saying is that this will take time and working capital so that to meet an August start date. Company of course could address these concerns by putting out a corporate update estimating capital required, financing plans,etc. Since stock prce - and therefore their way of making money and raising financing- would probably increase with such news, one can only assume that issue not resolved.

My main point is an August production date is only 6 1/2 months away, when will capital and working capital be raised for this ? If they have changed plans and determined further exploration needed that would be understandable but should be communicated to market.

Also, if orders in hand as one post indicated, have details of such orders been disclosed ? Is there a time frame on flling such orders ? If ore form nearby mines to be processed, does this require additional permitting ?

Again, my current opinion is this is a decent speculative stock as if the CFO wants to earn his $250+ k salary per year he must produce trading volume. For this to be considered a pre-producton play though, more information is needed.

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