OTCPK:FRSAF - Post by User
Comment by
Gaberlunzieon Feb 28, 2013 1:43pm
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Post# 21056695
RE: RE: RE:Inspectorx
RE: RE: RE:Inspectorx When production started in July 2011 there was reported to be enough 'ore' in the ground for three years operation. So far, we have not been told of any new discovery. Also, we have not been told how well, or badly, the tailings recovery and CIL plant are performing. As things now stand, it looks like curtains for this project in the fall of 2014.
There should be no further calls for cash for capital items so there will be no need for more underwritings, hence no need to reverse split. That will come er the mine is closed and sold off when the corporation shell is being preened for another venture.
This wont be done by good old Harry who is off into the wilds of Ontario where he is pushing a platinum group prospect that was drilled and left by others. He deserves a place in the Hall of Fame for his ability to sell sucked oranges.