Post by
Tgawd1 on Oct 21, 2020 3:56pm
NIA mentions Fiore.......Oct 19th
We love Fiore Gold (TSXV: F) here at $1.56 per share. Within the next few trading days look for Fiore to announce record annual gold production for its fiscal year 2020, which ended on September 30, 2020. Fiore will likely hit new all-time highs of above $1.75 per share as soon as this week. On September 26th, all of Fiore's outstanding $1.70 and $1.77 per share warrants expired so the resistance that Fiore faced in early September where it was unable to close above $1.70 per share will now be gone for good. Fiore has consistently remained our #1 favorite producing gold miner ever since we announced it on November 22, 2018 at $0.23 per share as our #1 favorite overall stock suggestion for 2019. At Fiore's all-time high of $1.75 per share reached on September 10th it was up by 660.87% from our initial suggestion price. Fundamentally at $1.56 per share, Fiore Gold remains by far the #1 most undervalued producing gold miner. Fiore's current market cap is only USD$116.81 million and as of June 30th it had a net cash position of USD$14.265 million. Fiore's enterprise value is only USD$102.55 million. In fiscal 3Q 2020 alone, Fiore generated operating cash flow of USD$10.457 million. If we annualize Fiore's 3Q 2020 operating cash flow by multiplying it by 4 it equals USD$41.828 million. Fiore's enterprise value is only 2.45X its latest quarterly operating cash flow on an annualized basis! We are confident that Fiore will breakout above $2 per share before year-end and believe it could happen a lot sooner than anybody thinks is possible.