Replies to post #70183 on First Liberty Power (fka FLPC)

[Labradorite]

Actually we know quite a lot. These are all FACTS:
FACT: FLPC has kept it's permits intact
FACT: FLPC has 1000 tons of ore at a milling facility
FACT: Even if that ore is only 5% Antimony it is worth $1.1 million at current prices
FACT: FLPC has said that management is investing $300K
FACT: FLPC has a mine with antimony in it.
FACT: The price of antimony has sky rocketed over the past few years
FACT: Demand for a US source of antimony is very high.
FACT: FLPC has indicated they are getting financials in order.
FACT: The SEC has NOT indicated that FLPC is being investigated for breaking any SEC rules or regulations.
FACT: The SEC has NOT indicated that FLPC is being investigated for "conning" investors.
FACT: The SEC has NOT indicated that FLPC is being investigated for "lying" to investors.

[CaveatEmperor]

The current value of Antimony is about $8300 per Tonne, less anything between $2500 - $4000 to process it from start to finish. That could mean a Net Profit of at least $3 - 4,000 per Tonne at today's prices, so why aren't they doing it? With the cash they say they have, they could process 120 Tonnes with a Sale Value of c$8300 +/- per Tonne.

I would assume they are not allowed to use the cash until the Filings are complete. However, at a guess, they don't actually have $300K in Liquid Cash at all! It may be in Shares or it could be in Material objects or even their own property. I think that $300K isn't accessible. If it is, they need to spend it on processing and turn that $300K into some decent cash...and then spend some of that profit to process more Ore until it's all been done and they would then be able to pay off some or all the debt.

I wonder what Bob would say to that. Anyone care to ask him...ECHO, RJB, IKGW, see if he can come up with a satisfactory answer or just an excuse for not doing it? Go on...I dare anyone to ask and put his reply on the Forum!!