| To: bc who wrote (152) | 2/26/1998 5:44:00 PM | | From: bc | | | |
To All:
Another news release that appears positive:
Feb: 26,1998
REVENUE RECEIVED FROM MEXICAN MINE
Forefront Ventures is pleased to announce receipt of its first revenue from Mexican operations. These monies will enable completion of its mill under construction. The last two major pieces of machinery needed: a six cell floatation bank and a one hundred and fifty kilo watt power plant are under contract waiting payment. Payment will be made this week. All minor machinery (motors, pumps, pipes...etc) is available on budget. Progress is now accelerating to the anticipated date of full production, March 31st, 1998.
ON BEHALF OF THE BOARD OF DIRECTORS
"Pushpa Sharan" |
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| To: Clifford Burrows who wrote () | 10/26/1998 12:52:00 AM | | From: Richard C. K. Burdekin | | | |
Clifford:
According to the company's quarterly report for the period ending June 30, 1998, "June saw the startup of the operation. While the major components worked well, major problems with the electrical system stopped production after only 3 hours. The starter for the ball mill needed to be replaced and was; operations were to recommence in early July, 1998."
The quarterly report was dated September 28, 1998. As to whether gold mining operations really recommenced in July, I'm afraid your guess is as good as mine. Forefront's unwillingness to provide information is discouraging, to say the least.
Anyway, hope the above is of some help.
-- Richard |
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