fire river gold

I too am an owner of this. Impressed with drill results also. IIRC they are to start up an open pit eventually too, to go with the underground mine. I guess I am of the ilk that if Sprott has some shares there must be some great reasoning behind it. But they will be producing in Q3 so I think that is why there is interest in the company. A 4 bagger at this price very well could happen depending on what they pull out of the ground during Q3/Q4. My guess if it happens it will be after Q4 mining results.

From your lips to god's ears.  I have a position as well and also believe a 4 or 5 bagger is in the works.  I average down at these lows and I continue to accumulate.

As usual the devil is in the details and special kudos are once again directed to "nor-easter" who spelled it out, but this monkey did not clue in immediately. So whats the latest obvious falsehood? (yawn)
After further perusal of our "smoking gun" it appears there can be no underground dam constructed without an EPA permit allowing it ...

1) Underground disposal: requires an Environmental Protection Agency(EPA)Underground Injection Control (UIC) permit.
So IF dam construction is/has taking place as Mr. Goodwin has informed the world, it may be illegal because NO additional ground water studies have been completed as required for the permitting process. This dopey Co cannot possibly have a UIC permit.

So what a pickle of a dilemma. If we take the man at his word he has confirmed beyond question that the Co may be acting illegally in constructing that dam without an EPA permit.

This Company MUST be relying on semantics to save itself from regulatory sanction. Is an underground dam an attempt to dispose of water? Sure as chit seems that way to me, and I have often wondered how one builds something that every miner's life depends on without an engineering study. This blogger is referring the question to the state of Alaska ... Film at 11:00

Here is the e-mail sent to the Alaskan powers that be ...

"Secondly, a Vancouver promotion called Fire River Gold is restarting the Nixon Fork Mine and has stated recently that it is nearing completion of an underground dam. This appears to me to be an attempt to dispose of water underground and as such would require a permit. Please advise if this is incorrect. It should also be noted that it appears NO engineering work has been completed for this dam. If so it represents a MAJOR danger to underground workers in my opinion."
 

While we wait on several levels of governance to formulate a response we can peruse some the requirements to actually build and operate a dam in Alaska. What dam safety permits are required to construct and operate a dam in Alaska? Glad you asked again citizen ... damn yer good at this dam business.

A Certificate of Approval to Construct, Modify, Remove or Abandon A Dam is required prior to new construction, major modification or repair, removal, or abandonment. A Certificate of Approval to Operate A Dam is required before a new or modified dam can be put into operation.

What is required to obtain certificates of approval?

To obtain a Certificate of Approval to Construct, Modify, Remove or Abandon A Dam, plans, specifications, engineering reports and other information prepared by a qualified Alaska registered civil engineer must be submitted for review and approval along with the appropriate application fee.
 

Does Sprott still own it? Then I am not worried. Seems like the bashers come out. There are a couple of message boards I have been following. I think people are trying to accumulate. Agreed Eric, who makes a blog specifically to bash? Someone wants shares. Production to start next quarter.

http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=FAU&t=LIST

Yep. Excited for Q3.

the first of a continuing stream of income

Don't you think Sprott did his DD before dropping money into this?

Sprott are biggest whoores imaginable and their track record of selling while touting is VERY well known.  In fact a Sprott tout is the surest sign possible that the end is near.

Look at the grossly onerous terms of a Sprott deal that shareholders pay. (Thats why the AUN.v lawsuit is sooooo interesting)

Forget Sprott and really forget the scum bags at LoM who ALSO issued a "strong buy" They both are attempting to offload paper and you can take that to the bank.

You are on your own in every possible way.  Never forget it when dealing with career promoters, and yes, Mr. Harry Barr is a career promoter. There is NO WAY the public can accept a single word at face value from these types.

dunno about all that, just know they are producing and have a significant cash flow from sales of gold rich copper concentrate and are digging gold from the ground too, which they are fashioning into dore bars and selling

gotta be a good thing

Latest unconfirmed and undisclosed street rumor is that these  pack of mining geniuses have supplied arsenic contaminated concentrate to the refiner without realizing it.  THAT is just about as stupido as a mining Company "management" can possibly get.

The refiner is facing significant costs now to even clean up the problem caused by a wicked deadly poison, forget about the costs of reprocessing the dirty concentrate into something saleable.

These unmitigated dopes will probably OWE for this.  And still no word on the Sprott debt.