This is widely known info. No reason to keep it off the Forum as it is VERY Salient info.
As you well know, Fencemaker was allegedly put on hold to 'Conserve costs', in other words, the company had almost run out of money anyway! In addition, the FM Mine was 'Mined Out' to not being economical to pursue after the mid 80s, even with up-to-date equipment.
One would assume that the BoD will have know this all along, hence it hasn't been Mined by FLPC (EVER), and no other party's were interested in a JV because they all knew it was borderline worthless to no longer being economical and viable to extract.
If itwere rich in Ore, wouldn't it be reasonable to expect Miners to be knocking on the Land Owner's door making serious offers...but they're not due to the low yield in the remaining Ore.
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