Post by
GoneBroke on Jun 19, 2024 12:52pm
Updated MRE due next week from 2023 drill results
Our previous MRE brings brought us just about 20 million ouces of gold
From the CEO board Miningrocks has an estimate of 24.1 million ounces for this updated MRE and Ggoldhunter has it at 30 million ounces . That being said Miningrocks was correct for the previous MRE of just under 20 million ounces > could it be possible that he has missed something that Ggoldhunter hasn't missed ?
At any rate FVL has one of North America's largest undeveloped resources > in a open pit mine friendly environment of Alaska , with road access directly to the resource property and 7kms away from Kinross's open pit mine ( that is coming to it's mine life end )
It will be interesting to see what the updated MRE is next week > I wonder if KW is able to expidite the drill results this year ( it's been a slow process and a lot of waiting for previous results ) > could we possibly get a couple of fresh drill results along with the updated MRE ?
This year's drill results will be exciting , as FVL is chasing higher grades and closer to the surface targets , leading up to a PEA .
My only question is, with such a tremendous gold resources > why are we not sitting comfortably at
$1.50 while we waiting for the 2024 drill results that lead to the PEA ?
Comment by
Hipshot on Jun 19, 2024 2:36pm
Good honest stuff!!!however this old man is looking for 3B and a 20 bagger!!! otherwords. 6.00. waiting to say " i told you so"