OTCQB:FIOGF - Post by User
Comment by
FarmerInvestor4on Aug 07, 2020 1:22pm
177 Views
Post# 31379906
RE:Undervalued?
RE:Undervalued? Yep.
Actual Gold.... check
Actual Cash.... check
Zero Debt ... check
Sometimes to me it seems the market would rather place its bets in "Speculation" vs. "Actual Mining"
A wise man once told me a mine is just a hole in the ground with a liar standing beside it. And I have never forgotten those words.
So personally, I will invest in Actual Production and Profitable Sales vs. Speculation.
IMO, this company is a hidden secret at the moment and should be almost a double from these levels.. However, I would love to see the share price GAP between $1.25 and $1.29 close before that potential run up.
But who knows if that GAP fill will be possible short term. Might just have to hang on for a ride if it ever decides to run.
Good Luck
FI4
awacs1 wrote: I compared F with other producers with like levels of production and equivalent AISC. Fiore is undervalued by at least 3.5 times. In other words to be on a level playing field, the MC should be in theange of $520Mm. And this does not allow for the increase in production potential of both Pan and Gold Rock. Gold Eagle does not even factor into the mix. Management needs to take steps to release the value of this enterprise.