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Freegold Ventures Limited T.FVL

Alternate Symbol(s):  FGOVF

Freegold Ventures Limited is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties. The Company is focused on exploration activities in Alaska on its Golden Summit and Shorty Creek Projects. The Golden Summit Project is a road accessible gold exploration project near Fairbanks, Alaska. The Project consists of several long-term leases, including Keystone Claims, Tolovana Claims, Newsboy Claims, Green Claims, Chatham Claims and Alaska Mental Health Trust Property and claims and lands owned by the Company. The property is comprised of 53 patented claims, 107 unpatented federal claims, and 240 State of Alaska claims that cover a total area of 5,971.6 hectares. The Shorty Creek Project is located 120 kilometers northwest of Fairbanks, Alaska and four kilometers to the south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.


TSX:FVL - Post by User

Comment by goldmongeron Jul 08, 2020 8:53pm
215 Views
Post# 31242806

RE:RE:I don't understand

RE:RE:I don't understand

Great explanation. 

To add a little bit to that, at this level and with the action currently running rampant in the Junior mining market, there are shareholders who have seen their investment return more than 1000% (as HepburnMcRae said). That's a good time to take some profit off the table and spread it around a few other juniors who are late bloomers.

I myself will be holding this position because as HepburnMcRae said - $1.30 is undervalued with the known gold in the ground. With the previous information (43-101 report), there is approximately 6.5Moz in the ground. If you assume each oz is worth $100 (after all mining costs are accounted for and $100 is conservative at the current PoG), that leaves you with a share price in the neighbourhood of $3.00 - right now. (6.5Moz * $100 / 241M shares = $2.96/share)

So, without their drills finding anything else, the minimum this stock should run to is $3.00. But, the likelihood of their drills coming up empty seems to be slim based on their past performance. So, $3.00 seems like a minimum target and I am setting my sights on $10-$20/share.

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