Remember, sclarda sclarda opines.....
"The reason i invested here is because the numbers added up for me. With the gold grades they have and the mill it appears that they should be able to do 50 000 ounces a year."
Sclarda already told us in HIS words that he couldn 't do due diligence and yet he invested in this company. Never mind that Fire River now admits they have already mined out the 3077 level [the 3000 level] which was our RICHEST ore. It's gone. But that doesn't worry sclarda since HE has done his due diligence. What did it consist of? That the company has said they well produce 50,000 ounces per year. Hahahaha Sure they will. BASED ON WHAT? A PEA that is about one year old? Not ONE ounce of "measured" gold? ONLY inferred and indicated, sclarda.
Fact - no measured gold
Fact - no NI43-101 unless you consider the PEA - I don't
Fact - Goodwin said he is NOT going to make NR of production - ONLY quarterly
Fact - Our RICHEST ore was mined out, Goodwin knew it at least in early Ocbober but didn't advise shareholders until December 21st.
Fact - Goodwin pledged ALL of the assets of Fire River to get a $7.5 million loan that was discounted, or front end loaded, by $825,000. That loan is for ONE YEAR, due in November and earns 12% interest.
Fact - Every dime of that "loan facility" has now been drawn [and, I suspect, mostly spent]
Fact - If we fail to repay that loan due in nine or ten months then Sprott owns the company. ALL of it
Fact - There are several here including sclarda, FastTrade, Victor2009 [turdblossom] and others who do NOT want any of this discussed. They thought by attacking me I would go away. Just the opposite. :)
So believe what you want. I own shares and I sure would NOT buy more until Fire River PROVES they can produce gold at a profit and also PROVE they can repay that loan. I think it's a coin toss at this time and would urge no one to buy this stock. That is MY opinion. I've not sold yet but probably won't hold much longer as I think it was horribly misrepresented when I [stupidly] bought.