Unfortunately, there are many things in Stocks & Shares which have 'potential'. As long they exist, they have 'potential', the same as Don Trump has the 'potential' to keep tight shut instead of digging himself (et al), slowly but surely into a very deep hole. If something goes badly wrong, he will destroy half the Worlds economy when the Markets crash at impending conflict. That will also drag FLPC down much further. That's not O/T but a significant fact for the World Markets.
With regard to FLPC, real potential can only be based on real facts to support any potential. As far as FLPC is concerned, there's too much working against them to be able to exercise such potential, even if there is any. Until there's more evidence of serious funding in the form of cash in the bank and NO debt, or greatly reduced debt, the likelihood of their survival is very slim?
It doesn't take a Mathematician to be able get their heads around some basic figures. A lot of Subtraction', but little or no 'Addition'. All these figures (as per the last Filings), add up to a very significant 'Minus' figure...as you all well know. With a deficit this large, I would say there is almost NO potential for a hugely expensive Mining program with no input to back it up, unless someone forms a JV who's prepared to Risk digging out Fencemaker and pay FLPC Royalties. BUT, based on the ORE they have, would you, if you owned a Mining company, risk several Million Dollars to Mine for several Months, for what is probably not going to give them a significant return on their money?
I thought not. That's as much 'potential' as you are ever likely get. It is not impossible though, but with the way things are, FLPC has an insurmountable problem.
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