FairPoint Communications FRP

too many balls in the air

[raglo]

each of their projects looks good on their own, based on the company's news releases, but...., about Ovacik, neither the production cost's nor reserves jive with the Newmont release, and about Perama Hill, it was supposed to have closed by Aug.5, I believe, the company now must issue more shares , up to 22.5% to the investors that took up the private placement, and if it does not close by Oct 5. 6 mth after closing which was on April 5th. they can get their money back that are presently in escrow. the clock is ticking. and by the way, what happened to the Nevada and Bolivia projects? I also invite comments

[Goldbug317]

Not sure what u mean when u say newmonts #'s dont jive with frontiers... Contained Location and Tonnes Grade gold category (g/t Au) (oz) Ovacik mine open pit proven and probable mineral reserves 561,000 13.3 239,000 Ovacik mine underground inferred mineral resources 655,000 12.5 263,000

[raglo]

Here is the link https://ir.thomsonfn.com/InvestorRelations/PubNewsStory.aspx?partner=10126&storyId=11934 The Ovacik mine reported proven and probable gold reserves of 170,000 ounces for the year 2003 and produced 75,000 equity ounces during the first half of 2004 at total cash costs of $202 per ounce. In June 2004, the Company entered into an exclusive agreement with Frontier Pacific Mining