OTCQB:FTCO - Post by User
Comment by
BamBam76on Mar 03, 2024 7:23am
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Post# 35911795
RE:RE:Buying Opportunity?
RE:RE:Buying Opportunity?No doubt, they are at the mercy of the regulators to get additional permits. If they never get another permit they are out of business. With that said, there was some "light" mentioned on last week's conference call. Sounds like the permit amendment for the Isabella Pearl is imminent. It also sounds like they are getting creative with work arounds, having secured an MOU with the BLM to allow FTCO to fund an additional staff person. They also still have conservatively 50,000 oz on the pad. In a bad case scenario (no permits this year), they will still have significant cash flow coming in and they will still be very cash positive at $2000/oz, even if their AISC double.
Everyone has to make their own decision, but I'm adding shares at these prices. Jason Reid even mentioned possibly buying back shares in the call.