Fortuna (FVI.to) has a new presentation out which is worth your time, metalhead. Download your copy by clicking right here (and it's 8.87Mb so it'll take a couple of seconds...patience etc ommm).
Meanwhile, for the hardcore numberfreaks out there (count me in), the FVI Annual Report is also out. Get your copy here and read with fascination how the FVI team tries to keep inside 43-101 guidelines but at the same time strains at the leash to try and say what they really, really, REALLY want to say about San José (IKN adds to bold type to help out):
Plenty more strained prose like that to enjoy in the whole thing. Surely they should stop being such tarts, be like all the rest of the industry and forget those outdated things like 'ethics', shouldn't they? After all, that's what the dumbass sheep expect from junior miner plays so c'mon Ganoza, give the customers what they want and screw the OSC......everyone else does these days.
Meanwhile, for the hardcore numberfreaks out there (count me in), the FVI Annual Report is also out. Get your copy here and read with fascination how the FVI team tries to keep inside 43-101 guidelines but at the same time strains at the leash to try and say what they really, really, REALLY want to say about San José (IKN adds to bold type to help out):
CONSERVATIVE APPROACH EXCLUDES 5M SILVER EQUIVALENT OUNCES
Approximately 400,000 tonnes of mineralized material containing an estimated 5 million silver equivalent ounces are located in the upper 100 meters of the deposit where historic mining has taken place. Due to uncertainty in the exact location and volume of existing workings above the 1450m elevation, these materials have not been included in the reported resource and reserve inventories for the deposit. As the mine is developed, it is management’s expectation that a significant portion of these mineralized materials will be converted to mineable reserves.
KEY GOAL: FAST TRACK TO DESIGN CAPACITY AT LOWER CAPITAL INVESTMENT RATE
Based on the opportunities presented through incorporation of the inferred resources and other mineralized materials into the mine plan, the Company believes that the design capacity of 1,500 tpd can be achieved within a shorter time period than considered in the PFS. Inclusion of these materials into the mine plan will result in a significant extension to the life of the mine and will directly reduce the rate of capital investment required for underground development on an annualized basis.
FAVORABLE RETURNS PROJECTED
The PFS for the San Jose Project indicates an after-tax internal rate of return of 18% and an NPV of US$36 million at a discount rate of 8%. The Company believes that there is substantial opportunity for improvement of the project economic metrics that will be realized as the project is developed and enters into production
Plenty more strained prose like that to enjoy in the whole thing. Surely they should stop being such tarts, be like all the rest of the industry and forget those outdated things like 'ethics', shouldn't they? After all, that's what the dumbass sheep expect from junior miner plays so c'mon Ganoza, give the customers what they want and screw the OSC......everyone else does these days.