RE: RE: March 15 Materialsgirl...
Fine post....But, you didn't go quite far enough. Here in Idaho, for some of us longs, it's been a cold, dark, rainy day now for over 14 years (hindsight). Very few peeks of sunshine.
In the last line you mentioned the future pricing. That may be correct for some of the Newbie (those who bought in in the past 3 to 5 years) but for the Old Timers...the SP hopefully will do much better that what you foresee. FMI has held our moneys for a long long time. We've paid a lot of Salaries and kept FCO floating now for years. Unless the SP goes up a lot higher than what you suggest...we will loose our shirts!
Yes, we knew that this was an "Exploratory" company with many risks... We took those risks. We continue to average down. Now most all of these risks are in our past...But, the poop has been knocked out of the SP and this whole scenario stinks.
Spilled milk is what you are hearing. Any tears available? Remember...what I said years ago, that (IMHO)this Mine will probable end up in Xstrata's (or friends) hands. "They" already have an old mine - right next door - and probable have a similar amount of "precious metals" there as under the small parcel that FMI sets upon. Trouble is "they" have a "Bad Name" to go along with their mine and probable couldn't get past 1st base in getting a permit. Also, they have a few x-employees now in the employment of Formation. I believe that these are just some of the reasons (besides TSX-V) why the SP is so low.
That's why people are continuously saying "Good Luck Longs"...
Good Luck to all the Longs!
westernkid