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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Post by poservon Jan 30, 2007 10:39pm
174 Views
Post# 12128061

ongoing permitting and organisation of perama

ongoing permitting and organisation of perama'Once the Permit ETR has been approved, the various construction and operating permits can be applied for and construction of the project can begin'. Construction and operating permits are very time consuming and what about the financing of the mine's $97 million operating costs. To get the finacing we need to prove the gold resource of 1.4 million ounces, 'inferring and indicating' our gold resource is never enough to secure a loan. It must be proven resource. All promising stuff and exciting, i continue to be fascinated with this play but i have a longer term outlook on production. We will get the reward of a price spike when the etr arrives though
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