RE:RE:RE:RE:From previous news release:144m of 3.18 g/t Gold.VENMan wrote: It's interesting and hard to believe that FVL had 6 million ounces of gold and was trading at 8 cents. I'm not saying it's not true but there had to be a reason why a company with 6 million ounces with gold at $1,500 an ounce that's $9 billion in value for gold in hand had a market cap of only $12 million. It's not true that as the price of gold was going up FVL stock was also going up. That's not true. The stock was at 8 cents dead in the water and that drill hole was the only cause that stock opened the next day at 17 cents when they came out with news of great drill results. Still I think it was Royal Capital or some name like that who dumped 21 million shares that very day. Now that was strange as well. FVL was in no hurry to move off that 8 cents per share $12 million market cap. That's worrisome. Plus I'm shocked that they have yet to release news on any further drill results. The news that moved the stock to a high of $1.90 per share came out on May 6. Nothing more regarding any drill rersults have come out. I know all this because I got in early and have since moved on. All IMO! always DYODD!
Jonathanm91 - (8/14/2020 7:37:28 PM) RE:RE:From previous news release:144m of 3.18 g/t Gold.
its not just one hole that brought FVL over a dollar. They already had 6 million ounces of low grade that had been discovered over the last decade, and when gold price started going up, those ounces became valuable. Endr doesn’t have any sort of numbered resource yet. None the less I’m very excited for the potential here
I get where your coming from, but it’s the reality here. Those 6 million ounces only started to become valuable once gold started rising and was forecasted to go much higher. 6 million ounces of low grade weren’t valuable in the bear market of the last decade for precious metals, because it wasn’t economical to mine. Only once gold is forecasted for much higher prices did this really become valuable. With all the talk of gold going to $3,000 and the likelihood of it actually happening, those 6 million ounces are likely mineable and economical. That’s huge, and that’s way more than most juniors have to show. One good drill hole doesn’t constitute a near $2 share price. Hype and fomo does. I’d rather see endr make gains little by little, and not get caught up in the hype that follows FVL.