AMAZINGRobin Goad began rummaging around NICO in 1987. That is 34 yrs ago. Amazing.
Goad gets a gold star for perserverance.
More amazing is that we are now awaiting drill results 24 yrs after an equipped & ventilated underground mine was completed with corporate share capital and a winter road.
Waiting for drill results today, even as it was understood years ago, there is a possible IOCG Olympic Dam type deposit beneath FT shareholders' feet.
Amazing.
What is perplexing is that Arctos in a fire sale was well worth more than ALL the projected and recoverable net silver equivalents in the Revenue-Virginius-Ouray silver mine as proclaimed in the SRK feasibility studies. A silver mine which never produced any silver or revenues during the 15 months (2014/15) FT operated the mine or in the prededing 120 years despite extensive exploration and drilling by multiple parties(including during the silver halcyon of 1974-84).
YET in 2015 FT skirted insolvency when mine loan covenants were breached. Now Arctos is 'mortgaged' to the tune of 18 million. And total FT shares issued approaches 400 milion.
AMAZING.