Fabled Silver Gold Corp T.FCO

premature calculation

[risky_ventura]

It seems to me that the feasibility study was undertaken to secure financial support for mine development. It only covers "the Ram deposit on the ICP although additional resources have been identified on the property's 2,874 acres." Why was it so limited this one deposit? Because there is still lots of exploration and analysis to do; to identify more resources and to figure out which inferred resources can be reclassified into proven and probable. Investors who try to calculate FCO's value based on numbers in the report are number crunching prematurely. The feasibility study is a bunt single that gets FCO into a scoring position, assuming referees (financial and environmental institutions)find nothing wrong with the bat. FCO insiders, who've been buying, probably know more about actual resources than what the feasibility study covers, but we investors don't. The feasibility study was not undertaken for our benefit; it was undertaken to convince lenders to give FCO a loan. People who cannot tolerate uncertainty should sell their FCO, buy gold, and hide it. FCO is a mish-mash of a mining explorer-developer-refiner that is on the cusp of becoming a developer, but there's a chance it will remain three thousand acres of dirt. It's website is designed to convey environmental awareness and social responsibility, but is devoid of much information about additional resources within the ICP. Why? Probably because they've decided get started with the Ram deposit, and once revenues start coming in, they'll continue exploring. These are patient people who seem to play by the rules. Last week, their IR guy e-mailed an investor that the BFS would probably come out this week, and it did. That tells me FCO's spirit of common decency seems to be alive. What about the numbers in the BSF? If they were exaggerated, the guy who did the report would lose his reputation, but if they understated, no one gets hurt. Numbers in such reports tend to reflect human and business concerns, so if anything, they're correct or understated. So we're invested in a bunt single and some common decency, while insiders have placed their bets with ours.