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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

Post by GoneBrokeon May 03, 2023 7:58pm
204 Views
Post# 35428907

What does the FVL Upside Potential Look Like ?

What does the FVL Upside Potential Look Like ?This is for the Sellers ( Asks ) , Just as much as for the Buyers ( Bids ) ... the longs already have this much figured out .

As a point of reference , lets go back to 2020 > mid summer high for FVL - the share price reached somewhere around $1.70's I believe it was . So the share price was  $ 1.70ish with a Mineral Ressource of only 5 million ounces of low grade gold -> together with a 2016 PEA that didn't conform to the NI 43-101 standard.

It took until February 2023 to update the MRE because of Covid - 19 but what an updated MRE we now have >> 20  million ounces of gold and growing .

This year will also bring an updated NI 43-101 conforming PEA . 

Incidentally , absolutely no large gold miner is going to be making any offer for FVL until they see the updated PEA > simple as that .

With that being said, we are so very close after all this time for buy out offers to start rolling in.

As for the upside potential before the buyout offers begin ... well , I'll let you be the judge because I have already posted what I believe it can and should reach .

As for the buyout sale price possibility > I'm just going to say this > we've all heard people use the expression this stock is a " 5x-10x bagger "  ->> well I believe that expression fits here .

Finally , I just want to say this ... from last Thursday right up until Today the Sellers ( Asks ) were in full cotrol over the trading ... However ... at some point today they lost the control and handed it over to the Buyers ( Bids ) in a total  display of weaknest , greed and full-on ignorance of the upside potential of this stock .

So today , I say well done Buyers ( Bids ) for you out played the trading today and you deserve the prize that is waiting at the end of the rainbow !

Is this upswing temporarily over for now ... it sort of feels like it ?

Lets hold onto our shares and find out 


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