RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FT ~ not a buyFIXATION? The R-V mine purchase and implosion organized with great skill by FT was a fast rolling fiasco which mgt has never explained and talked about other than a fleeting, anodyne soother that the veins were worthless. Suddenly, after glowing, multiple News Releases for 9 months, FT announced on July 5, 2015 that it lost 60 million with Arctos and NICO on the chopping block as collateral for the Lascaux jumbo loan. Then by some miracle in mere days, on July 17, 2015 the skies cleared and Lascaux and Ft came to a deal - and the company did not have to go the ICU after all. Who is going to drink this Kool-aid? Well.... it looks like everybody except one.
Now, five years later, the former FT mine manager without a trace irony and great assurance, is on video about how 20 drill holes in 2016 can justify claims that there is silver literally oozing from the rocks in excess of 100 oz/ton in some places. From worthless to Fort Knox in a nanosecond. 20 drill holes!! We are talking miles of veins! Tens of millions invested since 2013. And 500 historic drill holes, the results well known for decades, none of which ever came close to initiating mine production since 1900. And these 500 and all the millions are suddenly superceded by 20 drill holes! Tens of millions were invested and lost. Since the magic 20 popped in 2016 there still is no mine operating, 30 million USD needs to be raised and millions to bring the mill to operativing status. Including millions to make the mill operational.
Something is wrong with this picture.