duncan -

It is good to see you on this board.

The following is a great explanation of the FAU infrastructure (posted by tentongold at SH) -

"-As for the plant itself....over $100 million in infrastructure is already in place at the company's Nixon Fork Gold Mine.
..... As quoted from pinnacle digest....... "We have truly found a turn key gold mining operation. Never before have we found a mining company with this amount of infrastructure and a market cap of less than $20 million.

When most junior miners talk about infrastructure, they are talking about electricity, roads, a potential nearby work force, etc. (all very basic components that don't hold a candle to what Fire River has in place). When Fire River Gold explains its current infrastructure it is clear just how advanced its Nixon Fork project is, as the company owns a turn key gold mining operation.
How do we define turn key?

Fire River Gold owns a fleet of mining vehicles, a self-contained power plant, water and septic systems, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.2km long landing strip.

That's not all.

Facilities also include a 200 tpd floatation plant with a gravity gold separation circuit and a sulphide floatation circuit. In 2008, a CIL gold leaching circuit was purchased and is currently 60% installed.

Finally, and most importantly, the very difficult and time consuming factor of permitting a mine has already been accomplished at Nixon Fork. The mine is fully permitted and bonded. The bond alone cost $3.6 million to complete and takes 5 years to receive." Additionally.....From 2004 through 2008 approximately US$54 million was expended on upgrades to the processing facilities, mine infrastructure and new equipment. As well... management plans to install the balance of the CIL plant (which is all on site) and related tailings production equipment in the winter of 2010."

me again - The stock at this price may just reflect the cost of the existing infrastructure IMHO. What might the share price be when the results of the current drill program start to get released?

- panamax