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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.


OTCQX:FSXLF - Post by User

Post by savinfamilyon Apr 03, 2021 7:53pm
169 Views
Post# 32934443

5 straight flush on the table

5 straight flush on the tableIt's just a pandemic Easter Saturday idea.

Take my prefered extract from last K92 Mining
release: "Stage 3 Expansion Preliminary Economic Assessment outlining a potential Tier 1 asset, with ~318,000 ounces per annum AuEq run-rate production at a life of mine average AISC cost of US$362 per gold ounce net of by-product credits. At $1,500/oz gold, $18/oz silver and $3.00/lb copper prices, the estimate after-tax NPV5% is US$1.5 billion and is fully funded from mine cash flow. At US$1,900/oz gold prices the estimated after-tax NPV5% is US$2.0 billion".

So, tremendous amount of cash planned here. K92
doesn't stop to growth. It only started as one the best mining stories lately. I've got the deep feeling that Bryan Slusarchuk leaved K92 when this business has becaming predictable and he's looking for right now, he's making and consolidating financially other "homes" for the sweety cash which is coming from K92 (even at $1,500/ oz gold). John Lewins and Bryan Slusarchuk are well exposed now on gold, silver and copper, being highly involved in K92, FSX, TBX, LVX and ZAC.


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