RE: Nice discussionThe 1M ounces deposit is only said from one sharehoder's mouth, i didn't find any other clue about the 1M ounces. My opinion is, according to the area of the property ( only 5000+ hectares ) and all the released winter drilling results, the deposit may be a little bit more than the previous operator's estimation, which is 234000 ounces, around 500k ounces is the maximum. so with the 500k ounces gold, what fdn share price should be ? A simple math can do the work, providing the gold value is average of most company in that area, which is 30-50 per ounce, and considering we only have 60% interest on this property, so our share price reasonably should be in a range 30 ~ 40 cents, this range is just the last finaciace price.
Now seems nobody cares about the rest drilling result, everybody seems to convinced of the results is worse and worse, check last year fdn winter drilling, from starting drilling to all results were release, it only took two month, the first news release of last year drive share price to 90 cents high, but this year, almost three month passed, we still have some holes pended, and the share price keeps going low. At this point, we only can pray for the miracle in the rest holes.
Why acquire other properties, if the CS is good as somebody else described, why spend money to other unknown? if the CS is good, we should focus all money and workers on it, try to become a producer, not a junior explorer, the answer may be hidden, but it is not hard to analyse, most likely the deposit is not satisfied, even less than 500k ounces.
well, atv share hoders get the same suffer as fdn's, check it sp, a "professional" guy has ever stated atv is undervalued when its share price was 0.07, just two month later, atv is traded at 0.045.
finally , i am not a basher but a shareholder, i was in at 0.25, i hope one day i can break even on this, good luck to all sharehoders, remember to your own dd, this is only my opinion.
thanks,
michael211