OTCPK:FRSAF - Post by User
Comment by
JohnEStromJron Jan 27, 2012 5:11pm
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Post# 19459642
FastTrade - almost right
FastTrade - almost right You're almost right in your post. [Almost]
The NI43-101 will be out towards mid-February. January is all but over. The CIL circuit will be completed around the end of February but they are allowing up to 90 days to get the kinks worked out. They have secured a supply of cyanide for the CIL circuit and I believe it's now on site. There was a shortage of cyanide for awhile.
We have had no NR update in drilling for about three months. I'm sure it will be updated with the release of the NI43-101 and Fire River should have gold in the Measured category included in that report. Right now Fire River's gold is only in the "Indicated" and "Inferred" categoris.
The first payment on the Sprott loan facility is due in mid-May, six months after the loan was taken out. Good to see Fire River share price is beginning to rebound but it's got a long way to go.
Fire River just received another payment from Glencore for another concentrate shipment.