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1kgwxman

09/18/17 6:03 PM

#70125 RE: Echo115 #70124

Not true!!!

Where is PROOF the stockpile of ore "has such low quality it is utterly worthless."
Got any mining experts to back up that OPINION???
If that were the case, the 1000 tons of ore would have not been stockpiled and SAVED, it would have been taken to a landfill, or mining would have never taken place in the first place if the sample assays were as poor as you claim.

Why in such a hurry for the filings?
Only investors need concern themselves with FLPC's business plan.
And Voaden is still gone.

Labradorite

09/18/17 7:38 PM

#70126 RE: Echo115 #70124

That's not a fact. Where did you get that from? That's an opinion.
Maybe write to Bob and ask him if you have questions. He is very forthcoming with information when he can be, in my experience.

CaveatEmperor

09/19/17 6:03 AM

#70127 RE: Echo115 #70124

ECHO: The reply I had many months ago was that the Yield of the tested Ore was too low (on average) to justify the cost of Milling and processing the entire stock. It was overall, just a few percent. Bob will back this up if you care to ask for some figures?

Neither Bob nor Don will spend their Vacation Money on that 1000 Tonnes of low value Ore until the price rises sufficiently to justify the cost. 'Waxy' before you lead off about 'vacation' Money, don't forget they are funding the company from their own pockets and not directly from the business, so this 'continuous personal funding' will certainly dent their own private Bank Accounts!

These guys either have vast amounts of cash to continue funding the company for almost two years, or the running costs are so low as to be hardly significant. With no sales of anything, their private cash won't last forever, so my guess is that running costs are sooo low, it rather proves they are not 'moving on' to risk their personal cash on anything costly that won't get their money back again. Unless they are both Multi Millionaires, which I very much doubt, they will drizzle money into to it via what Investment comes in. It's what it's for!! Private cash? LOL,