OTCQB:FGPHF - Post by User
Post by
ENDOFRAINBOWon Jan 08, 2015 2:19pm
196 Views
Post# 23299101
FUTURE PLANS
FUTURE PLANSIt is my understanding that the immediate plan is to reconstruct the new mill equipment purchased in December, which should be complete in March. That will double the capacity for production which will lead to stronger sales for the coming growing seasons. The expectation is to achieve a 30% market share within a 500 mile radius. Also they are completing the drilling program for expnded resources. They will be selling the available high grade material first and then the lower grade in 2 years. They expect to provide an updated 43-101 by Aug/Sept.
Since this play is supported by the ag industry and government, there should be no hurdles in the way. I am also thinking of a possible take-over. Brazil is extremely hot right now because of the growth potential. Many others want in. So, I think this is a great opportunity not to be missed
Their QTR 1 report should be out near end of Jan.