GREY:BLITF - Post by User
Comment by
Tommer3on Dec 11, 2014 1:32pm
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Post# 23220038
RE:RE: Quebec Properties of Fairmont Resources Inc.
RE:RE: Quebec Properties of Fairmont Resources Inc. One thing I like about Management here is they control costs and it's my understanding nearly 100% of the money raised goes into advancing the Buttercup PROPERTY. I.e. Permitting process, road & tree development, enviromental studies, site preperation (Overburned Stripped) and DSO marketing, etc.
Once they get the extraction permit.... and can announce this I am expecting a big pop in the stock price and the warrants from the last financing getting exercised. They have an acceleration clause and I bet you this will happen generating funds.
The Fairmont team is pretty lean.... so they don't need a lot of cash - the extraction permit will give them the permission to ship ore AND THIS WILL generate ongoing cashflow.
Good time in my opinion to be adding as the permit will give the momentum and you can almost bet your bottom dollar the warrant exeleration card will be announced that will add $ash to the treasury.
Its a great story!!!
Cash flow REGARDS,
Tommer3