GREY:FNTRF - Post by User
Post by
MxPxon Apr 03, 2010 10:19am
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Post# 16953410
The Perfect Storm
The Perfect StormGold is rocketing up in price after the manipulation in Gold prices has come to light.
Most Gold Juniors really took off Friday and Gold juniors are traditionally at their strongest point in the Spring time. With the rapidly increasing gold prices this could be the start of the run in gold juniors that we have been waiting for.
FDN is sitting on 7 more holes that they will be releasing to the market in the near future. Many posts have already established that currently we are trading at a Fraction of our true valuation (and that is assuming the historical low end estimate).
Last night, I was studying the Grab samples and work that FDN had done on the East Coldstream property. Let me say that this team did their homework and they are expecting to significantly expand the Noranda resource estimate. Sanders Zone has a great chance of adding a lot of extra ounces on to the estimate on its own, and if you look at the channel sampling numbers done on Sanders you will see that it produced some of the most impressve results from the preliminary work that was done last year.
All in All, the traders have had their chance and moved out, this stock is in stronger hands now and has established a base in the .50's. We will see a run on spec beginning in the week and if everyone just reads about the potential of this property and holds their shares tightly there will be a dogfight to get into FDN. We have established that this board likely owns 20 percent of the outstanding shares of this company. This stock can move quickly taking the low float and our board ownership into account. Now lets make it happen next week, we have the perfect storm and it could realistically bring us to 2 dollars plus if everyone plays their cards right.