Rather than just waiting for the Magnetite operation to commence, I must say I'm pleased with how Mr. Davis is managing the business.
Sales Growth: Yerbas Buenas reported an 84% increase in quarter-on-quarter sales, reaching approximately $470,000 for the quarter ending June 30, 2024.
Record Sales: Despite weather disruptions, June sales hit a record $188,000.
Future Prospects: Further sales growth is expected as deliveries to large-scale infrastructure projects ramp up
Magnetite Mining: Work has begun to restart magnetite mining operations at Yerbas Buenas, with a bulk sample taken for grade assessment.
I wish he had requested additional funds; it seems he hasn't asked for enough to scale up the operation.
FHS Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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