RE: RE: frAll the "good" names in the industry did a capital increase mid/late feb 09 (paas, ssri - as did some gold miners like kgc, aem, ...)
FR got for 20 mio cad in new money which they needed to complete the La Encantada plant. La Encantada will be operational early july and produce 4 mio ounces on annual basis
next, focus will be on Del Toro. Permit imminent and will provide FR with additional growth into 2010
increasing silver prices and decreasing smelting/refining costs will put a leverage on FR's bottom line in Q2 and further in the future.
FR has completed its exploration program, is close to finising the upgrade of production capacity and has no financing problems. Do you know any more junior silver producers in this condition? pls let me know !!
Soon FR will be revaluated on the market as a tier 1 silver producer (valuation line with fres ln, paas, cde, hl)
cheers,