You can go back and read some of the posts from earlier in the year and find some discussion on FP, Atzek, and some of its members. It was definitely one of my first questions how a 500k-1M market cap company pays us over $4 M in cash. Such a thing is not usually realistic and is a red flag at first glance.
Personally I believe it is much more likely we will be paid rather than not for the following reasons: They have had a year to restart/develop the SF mine and either raise money or produce efficiently without theft for a couple months. Doing either would allow them to borrow money, earn some, or raise equity to pay us. Atzek is connected to the Sonoran University and the geologic community of Mexico, which I believe connects them to a pool of potentially billions of dollars, or at least millions of dollars for good, proven projects. Atzek and FPV are definitely linked and share board members IIRC and have Sonoran U alumni. I did some research on this earlier in the year and felt confident that they could raise money as long as their operations weren't stalled all year. They have the connections and I think they have the goods.
The value of the Trinidad/ SF mine is hard to put an exact figure on but even with the decline in gold prices, its plant, land, and equipment are likely worth more than the $4M. I look at the Trinidad/SF and I see a project that if they had another 15-20 million they would probably be able to make six figure gold production yearly for decades, which equates to about a billion dollars of market cap in good times. Sergio Trelles and the other management members know what they have, it doesn't take much imagination to see. Just hard work and money required to make it so. The grades are so high compared to its neighbours it, like Mexus, makes an attractive proposition for investors.
There was also a recent comment by PT in a ghost PR about how he was pleased with First Pursuit's progress at the other mine. I checked all of the recent PRs and I couldn't find the source even though I am positive it exists and was written in a short comment in the last paragraph of one of the recent releases. The ghost PRs really annoy me and I shouldn't have to ask the company to put each release on their website so we can read the damn things.
Perhaps ideally we are get a JV going in short order and we are not paid for the SF and re-assume 50% ownership. The Trinidad could easily be an excellent compliment to our other operations, if they were done right.
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