RE:article on Freegold ventures on seeking alpha - linkSunny,
Some comments:
1. The link if launched directly from your post would not lead to the article, at least based on my experience. Type in the link worked.
2. Just read the article, here are some tidbits:
- As a typical Dart Taylor's article, this article is padded with a lot of figures and charts which came mainly from the company information. But he seemed to miss the latest info in the September 2020 Corporated Presentation which shows key details such as the Open Pit (OP) used in the 2006 PEA and 2013 RE boundaries. These are crutial for a good understanding of the deposit and the value of FVL (see Slides 20 and 21).
- He should have mentioned the 2016 PEA credted only ~3Moz (average grade 0.69gpt with a cut off of 0.30gpt...Kinross/Fort Knox has similar grade, could be lower and with cut off of 0.20gpt) out of the global 2013 RE of 6.5Moz. An examination of these 2 slides would reveal that (old) holes 1311 &1312 were not included in the 2013 RE and outside the OP for 2016 PEA.
- Hole 2002 is certainly not as stellar as hole 2001 (which is a very rich hole), but incomparison with the average grade of 0.69gpt, hole 2002 would be an excellent hole economically (just blend the 3 sections in Slide 20 together and this hole would have an average grade of over 1.07gpt/210m).
- Hole 2003 would be better than 2002 (according to my crystal ball), since it is only 50m away from 2001.
In summary, a piece on Seeking Alpha should contain a bit more depth with some more additional analysis to provide better info to readers. Do your own DD and weigh in if you agree/disagree/add.
BTW, note that 1.20/s is in US dollars (about $1.56Cdn). In early August it was at Cdn$1.83/s, the high, after hole 2001 results were released. Now it's at Cdn $1.11, and there are several holes (2004/4/5/6/with assays pending and 7 was being drilled and probably completed s well. Some good hits would propel the SP beyond the previous high.
GH11
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