Fonon Corp. (fka FNON)

[raptornuts]

On July 16, the company announced it had its mining partner:

"WGB Kinsey & Company, is now on site building long term infrastructure and shaping the open pit. The Company anticipates beginning barite & limestone production this month."

July 16 thru the end of third quarter is exactly 76 DAYS!!!

In 76 Days they built infrastructure and removed tons of overburden and stockpiled barite outside the halo zone for future jigging (API Grade). How much is stockpiled? This is not listed on the financials as an asset even though it is clearly an asset with future value.

What did investors expect in 76 days?? This is a startup mining operation. It will take a while before production increases- perhaps another few months.

ALL mining companies take a lot of cash and time to get started up from bare earth to shipments!!!!!