RE:RE:RE:RE:RE:RE:RE:Focus Ventures on Financial PostThe numbers and story look fantastic for FCV -- but lets remember this FP story is a paid commercial piece produced by a media firm.
No doubt the opportunity for a many-multi-bagger is here.
Looking forward to the PFS, which was a great move on their part to upgrade from the original PEA plan. IMHO, they must know the report will be uber-positive, hence fast-tracking the PFS.
BCdude wrote:
Simon Rideway and Mario Solander are longtime veterans in the resource sector, and to see them so excited about a project suggests they are on to something special. The fact that they've been buying so many shares over the last year means, as you suggest, they are putting their own money into this company in a sizeable way. The fact they've been able to survive for this long without issuing tons of shares also suggests they are savvy managers. It is very few junior resouce management teams who survive for so long on so little capital. It seems they are using a hybrid prospect generator model, although with Bayovar it sounds like they are more keen to advance quickly because of the tremendous blue sky potential. Projects with potential margins like this one has are very rare.
In any case, I am very pleased with their handling of the business over the last 1.5 years and am very keen to see the prefeasibility study when it comes out.