California.....
I am tired of discussing the obvious to people who don't read the PR's.......
If you would even bother to read the FULL new release, you would have read " Last week's release of the San Miguel's Vein's analysis report prompted COMIBOL's earlier than expected approval of our first processing plant. We've always assumed there would be a need for MORE THAN ONE PLANT. I'm confident the remaining three analysis reports will confirm the need for aditional processing capacity."
Can you read and UNDERSTAND ?
The Cerro Rico mine has been mined for OVER 500 years...., in recent years how do you think Bolivia processed the ore ? MAGIC ????
OBVIOUSLY Bolivia ALREADY has a processing plant BUILT !
The FMNJ news release states their "first" plant, meaning the first plant for the FMNJ-COMIBOL joint venture....not the first plant being built.
JEEEZ ! I cannot stand newbies that dont't read properly.
Do your own damn DD, and, stop posting negative nonsense. It's obvious that this is your first attemnpt at a junior mining tock investiment, otherwise you would not asking questions that have all your answers readily available in the previous PR's.
READ.
The more detailed analysis report will come AFTER the intial "Pilot" production reports are completed on all 4 veins......NOT BEFORE .
Some of you "virgins" are making negative posts about "not providing all the financials. etc. etc" . FMNJ has provided EVERYTHING they are supposed to provide up till this point.
God's sakes.......this is BEGINNING stages, and, the most important time to invest in a junior....when they are doing their "pilot" production analysis.....after the "pilot" analysis is complete on all 4 veins, and, FMNJ goes into full production, the PPS is staight up.
If you choose to wait until the "Full Report" comes out with all the "financials", then you are too late. That type of report comes out after they are in full production and have a better realization of all the potential reserves available.
That goes for FMNJ , or any other "junior" mining company that is starting a new operation.
Once again, please "read" and "think" about what you are reading, rather than skimming over the headlines. You never get the full story by "glancing" at the headlines.
It has been repeatedly stated.....doe your OWN DD !