Post by
GoneBroke on May 03, 2023 7:58pm
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