OTCPK:FRSAF - Post by User
Post by
ThyFishon Feb 05, 2013 11:01am
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Post# 20940003
2013 Corp Presentation
2013 Corp Presentation Well I don't know folks, I hope the Management Team is being very conservative in the latest Jan 2013 Corp Presentation and hoping to over deliver big time. Take what you want but 25k - 30k oz of production for 2013 with full production not hitting until Q3 2013? Cash costs now at $1200 up from the $700 -900 called by the previous Management Team al while diluting this 10 x from 2 years ago..... 50 million to over 500 million fully diluted. Do the math, 25,000 oz x (1600 oz price today - 1200 cash cost) 400 = 10,000,000. Thats a pretty tight operation with not much margin for error. I wish you guys all the luck in the world but I wouldn't keep investing in this trying to recoup lost $$. Major shareholders and investors will get there piece first.