TSXV:FGC.H - Post by User
Comment by
rockhead7on Nov 20, 2012 3:14pm
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Post# 20623482
RE: RE: End of Monday level 2 quote for v.FGC ...
RE: RE: End of Monday level 2 quote for v.FGC ... Chip
I consider myself a real investor and I am still here-as I have been since the beginning. I don't wish to get into the seltzer fight going on here but I would submit that FGC is far more than a pump and dump. Check out the Turkey map-Eldorado has a new and very profitable mine adjacent to us. Their recent drilling is aimed in our direction and seems very positive. They are still drilling and the next results might prompt someone-perhaps Eldorado-to get off the sidelines.
Whenever Walter pulls the trigger he can have an reserve estimate on the Mali property. Won't be a big number but at $1700 an ounce how big does it have to be? Once Mali settles down-and it will-FGC should sell Mali for something in the low seven figures(more than our current market cap by itself).
The cash could be redeployed to BC. BC has the potential to be huge-perfect geology-and right in our own back yard.
We have attracted the attention of some opportunistic traders, but that doesn't detract from the underlying value of the company. And they seem to have helped move the stock up, so whats the problem? Finally, I have made money off Mr Henry before-he is a proven commodity.