RE:RE:RE:THE BOTTOME LINE wealth2015 wrote: with all due respect to your desicion to sell I think that you are wrong in thinking that grade is too low to be economical mine, I think that we have very good chance to have 10+m oz at grade 1G at least, good luck to you
At the end of the day, it's BC's decision whether they want to keep their money invested in FVL. Why would he at the moment?
There's going to be a couple drivers that will help us out in the short-term:
- Results for the remaining holes. Especially those near the Tolovana vein. However, the longer you wait on results, the less efficient you are with your cash management. If their hands are tied then so be it, but I'm sure there has to be ways to expedite.
- Eric Sprott to start putting some focus back on FVL. I understand he stepped away for family/health reasons but I'm hoping he does return to the show and speak about FVL because whether he likes it or not.. he does has an influence. It is one thing to speak so highly of a stock while it's doing well, but it's another thing to continue to advocate when it's taking a beating. Not coming on at all isn't the best look. But then again, he put $30M down. Is there much more that needs to be said?
- Gold Price is going to be extremely important here.
- PEA 2016 - NPV = $339M @ Gold Price of $1,500 USD. We're sitting at $1,800 USD which napkin math results in about $570M.
- This is also from 2016.
I'm not one to say it's economical or not, but the highly qualified FVL employees are excercising their shares and ES dropped $30M on this stock. Therefore, I'm sure that due diligence has been completed.
Things change and I see no point in exitting now when we have so many results on the way. If I was to exit, it would definitely be closer to April/May 2022 (pre-warrant expiry). By then, I would hope the 2021 results are released and we have a beautiful picture for what's to come from the 2022 holes.
However, if you are trading in the short-term... the FOMC meeting will play a big role. At the moment, there sentiment on gold is very ugly and there's no reason to invest in gold/miners as everyone thinks the FOMC meeting is going to crush the gold price. I'm hoping for the contrary but time will tell.
GLTA!