Replies to post #447 on Yumy Candy Co. Inc (YUMFF)

[gharma]

News release: outlines revenue position
http://www.firerivergold.com/s/NewsReleases.asp?ReportID=491504&_Type=News-Releases&_Title=Fire-River-Gold-Corp.-Announces-Additional-Revenue-from-the-Nixon-Fork-Mine...
or
http://www.firerivergold.com/i/pdf/FAU111811.pdf

This goes quite some distance in answering what I have previously posted as one of my needed disclosures, i.e. continuity of concentrate shipments. After my earliest post expressing that concern the company issued a PR (Oct 28) that described their concentrate shipment practices

24 bags comprising 21.2 dmt (dry metric tonnes) of gold-rich copper concentrate. The bags are palletized and flown from the Nixon Fork Mine aboard a Hercules L382G airplane. Shipping lots of 24 bags are assembled in Anchorage at Lynden Air Cargo's facility and barged in secure 40 ft. containers to Seattle for ocean transport to the PASAR smelter in Isabel, Philippines.

At that time they had received advance payment for the second shipment.
With today's news we see they have shipped four (4) containers.

today's news:

Fire River Gold Corp. Announces Additional Revenue from the Nixon Fork Mine Project

November 18, 2011 Vancouver, BC, Canada - Fire River Gold Corp. and Mystery Creek Resources Inc. (TSX.V: FAU), (OTCQX: FVGCF), (FSE: FWR) (collectively "the Company") are pleased to provide this update for the Nixon Fork Mine.

A $1.1 million provisional advance was supplied by Glencore this week for the fourth shipment of gold-rich copper concentrate. A total of $3.9 Million has been advanced to-date while both companies await final settlement on all four shipments.

Revenue from doré has also commenced with the sale of 400 ounces of gold to Johnson Matthey of Salt Lake City for a return of $ 710,000. Approximately 30.9 kg of dore containing 23.5 kg (766 ounces) of gold has been shipped to the refiner so far. Our first doré bars had unexpectedly high levels of both arsenic and bismuth, and required purification. The company is actively working on solutions to remove these impurities from the doré, both on and offsite. However, while revenue has been delayed, this issue is not anticipated to reduce revenue expectations or impose a significant operating cost increase. The remaining inventory of doré will be processed by the refiner and paid for over the next few weeks.
On behalf of the Board of Directors,


"Richard Goodwin"

Richard Goodwin
President and COO