We are mining the ore just very slowly. From my understanding, we are just making stockpiles and not selling it while we mine the excess gravel for the cement companies. The thing about these orders from cement companies are that they had meant to be a bi-product of mining the ore. But at the moment it's the main product. The grade and quality we need to make a decent profit needs to be over 65%, but to get that quality, we need better equipment that will cost millions. So at this point in time they are trying to sell what we have and get a revenue. Then, hopefully, in the future, we can get the equipment needed to produce the higher grade ore and then the higher profits and better quality. At this time, the ore we are mining is just too low of a quality to make any decent revenue. I have been waiting for years and guess I will be waiting a lot longer at this stage untill freehill gets the upgrades it needs.
FHS Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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