OTCQB:FGPHF - Post by User
Comment by
PIPPYLONGSTOCKon Feb 11, 2013 12:18pm
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Post# 20969150
This is not true...
This is not true... This is certainly not true and goes to show how much you know about this industry of direct application fertilizers. Between 2010 and 2012 MbAc fertilizer MBC.T purchased their Itafos mine and moved it directly into production of their hihg-grade material as natural direct application fertilizer before completing a PEA, EAR, PFS or BFS. They used the proceeds of this production to help fund additional exploration on the proeprty aprox. $9M from very small scale production. Eagle Star is able to do the same thing but scaled up producing 100,000- 150,000 mtpy which sells between $100-$150 a ton... Know your facts they dont need to construct a benefication plant its high-grade meaning they can mix it with other beneficial rock types on the property and sell it. A very simple operation with very high margins..