TSXV:FCO.H - Post by User
Post by
dgk80on Apr 19, 2005 7:40pm
154 Views
Post# 8928594
Rio Thank you For todays post
Rio Thank you For todays postDonnie 118 did you know you can sign up for Yahoo messenger and get a webcam.You and all your silly cheerleaders could party all night.I am surprised with the 1 cent rise today that you girls would'nt be out shopping or talking about ur retirement or dreaming about a $3,5 $6 stock.
I'm going to repost rio's post he is bang on. AN EXCELLENT READ
Donnie and the cheerleader get some balls and express ur concerns.U girls are a joke.Looks like you only know how to bend over,and FCO management know THIS.
RIO's POST
If you so called long term FCO individuals would give a fair review of what is going on, I would not need to be here to balance this. Again I am consistantly amazed at the bashing I get becuase I put out information contrary to the company line. I am not a greenie, but I will point out issues to others that may not necessarily be the party line and try give the whole story.
You party liners, think that everything is a big bowl of cherries. Well it is, but in the middle of those cherries, there are a number of pits that are going to make a number of huge issues for FCO. When I first got on here, I told people about the issues and timelines. Right now, I seem to be right. The time line has extended substaintially with no real end in sight. The schedule that FCO puts out assumes no construction and that mining and processing will start thereafter. It also assumes there will be no lawsuits and other issues on the permit. Again, this is most likely a fallacy. If FCO would put out information like how they are going to deal with the arsenic, how they are going to transport arsenic/colbalt laden concentrate down the Bitterroot Valley and up the Clark Fork river to the processing facility. How they are going to fix the arsenic after processing the Colbalt and how the EPA is not going to look at this as a Bevill waste, they may be able to circumvent a number of issues such as lawsuits and other delays.
These are real issues. I call FCO and get no answers except we are working on them. The reason for this - The feasibility studies are no where near complete. All the information that is out on the web site including flowsheets and such is preliminery data based on preliminery testing.
The reason this decline is being installed is the FCO needs more ore from the RAM deposit to complete testing. The core sampling material is insufficeint to complete testing.
So we get all this drilling information about a deposit that has 20 years mine life - but we get no more information. Don't tell me we need more mine life - we don't. Don't tell me need better grade - we don't this is already one of the best colbalt grade projects around. What we need is information on processing, permitting, and other.
As for the refinery. Who cares whether it is at 30% or 100%. The refinery is going to be a low margin operation at best. As I said early, there are too many refineriers in the world driving the price down and also the margin. Don't forget that this refinery was set-up for one thing and one thing only - to do sunshine mine material... It is not set-up for custom work - only adapted. This also drives the margin down. So who cares about the refinery - it is hype.
As for uranium - who cares. FCO doesn't own it - has no control over it. Might make a good royalty some day. But anything on this is years off. Same issue testing, permitting, construction.
So all you bashers of me - instead of bashing me, why don't you get all the information out there and let people make informed decisions about what is going on. This is the only place you can get information.