FOCUS VENTURES LTD. V.FCV

News out on stockwatch

[loonietunes]

Focus Ventures to release Bayovar PFS results in May 2016-04-21 08:44 ET - News Release Mr. Simon Ridgway reports BAYOVAR 12 PROJECT UPDATE PENDING; JEFF FRANZEN JOINS TEAM AS AN ADVISOR Focus Ventures Ltd. is updating shareholders on progress on its Bayovar 12 phosphate project, located in the Sechura desert of northern Peru. Optimization Study Update Focus' senior management recently met with Independent Mining Consultants and M3 Engineering, both of Tucson, Arizona, to review progress with respect to changes-in-scope to the Bayovar 12 Pre-Feasibility Study. The changes-in-scope have been designed to improve the economic performance of the project and include: one large processing plant instead of the staged commissioning of two smaller ones; owner-operated instead of contractor-operated overburden removal; a doubling of pre-production overburden stripping to simplify the mine plan and production schedule; larger and more cost efficient loading and hauling equipment; and finally, a more logical and staged buildout of the tailings storage facility. The results of the updated Pre-Feasibility Study are expected in early May 2016. Jeff Franzen Joins Team as an Advisor Focus is pleased to announce that Jeffrey Franzen, P.Eng. has joined the Focus team as an advisor. He will provide technical and capital markets guidance and is now working closely with management on the Pre-Feasibility Study update. Simon Ridgway, Chairman and CEO of Focus, said: "Adding Jeff's experience and capital markets contacts to our team will help us move the Bayovar 12 project closer to construction and production. He is working closely with our technical team to provide guidance on the complexities of reviewing and optimizing engineering studies. Jeff has been involved with a number of high profile projects over the years, and we hope to leverage that knowledge base as we move to unlock efficiencies at Bayovar 12." Mr. Franzen is a registered Professional Engineer with over 40 years of experience in advanced project development and mine operations with a focus on project de-risking and feasibility-level studies. He has been associated with several development-stage mining projects that were subsequently sold to third parties including: North American Metals Corp. (1988), Continental Gold Corp. (1990), Francisco Gold Corp. (1997) and Mar-West Resources Ltd. (1998), Western Keltic (2008) and Terrane Metals Corp (2010). He has held leadership roles in the British Columbia & Yukon Chamber of Mines, Mineral Deposit Division of the Geological Association of Canada and Vancouver Mineral Exploration Group. Mr. Franzen holds a B.Sc., (Honours Geology) from the University of British Columbia and a M.Sc. (Structural Geology) from Carleton University. Qualified Person

[bulava]

This sounds very promising for a much-improved PFS in a few weeks.  Hope the share price spikes, because at a ~$10m market cap, this is greatly undervalued for the project IMO.

[wayned]

 I just noticed that on April 18th , Simon bought another 200,000 shares . This is turning out to be a pile of money he`s put in even at this low low price . There has to be a reason .