Post by
uudamann on Jun 14, 2021 9:10am
insider buying
Aurcana, the current owners of the Revenue silver mine, on their website claim 50 million was invested to build the underground mill in 2011. This engineering feat was performed during Star mines ownership who then sold this 'equipemnt' to FT along with a 8500 ft long 140 year old mine tunnel.
SRK in the FS of 2014 and 2018 makes a contrary claim the mill was built during 2013 by CH2M Hill. No SRK mention of the substantial costs.The mill was never commisioned as of 2019 and never produced significant silver revenues during FT's 2014-15 ownership based of SEDAR filings.
You do not need to own a lot FT shares.
Insiders know this.
Comment by
Lotten on Jun 15, 2021 7:12am
Time to put aurcana away on this board. Nothing will change anyway.