Post by
kidderpeabody on Jun 15, 2024 5:16pm
I'm Impressed
I recently sold my Silvercorp shares and bought into Fortuna. I am rather impressed with the Sgula Mine in Cte d’Ivoire and the five different open pit scenerios available not to mention what is possible with some more exploration. The Koula deposit has an intersection of 14 meters at 4.3 g/t Au which is almost unheard of. And the Sgula Mine operations just began in late 2023 with an eight year mine life. This operation is going to be a real money maker.
I also read the balance sheet and see Fortuna has for it's shareholders Retained Earnings of $113,899,000. Retained earnings are almost unheard of.