Why our SP is low... one explanatiion
It isn't the deposit, its jurisdiction, the macro U outlook.
There are some who feel that "The Market" has lost confidence in FCU's current management and that the way back to $1.00/share, financing opportunities, and eventual profitable sale is significant change at the top.
Sudzie, do you know who Mr Gifford has assembled? Neither do I, but who in their right mind would make themselves public, incorporate, secure a name-brand Vancouver lawyer/geologist/BCSC expert, etc, and THEN field Homer Simpson, Donald Trump and the Stooges?
I think you're in for a shock, and I'm hoping to be correct in my hunch that the proposed new BoD will be a team of serious contenders. Serious enough to unseat the kleptocrats who've treated OUR company like a personal ATM. Or at minimum, sit right next to them and watch how they spend OUR money exploring OUR asset.
We're trading at a fraction of the target prices, in spite of being the "Crown Jewel" of the Basin.
Ask yourselves why.
I'll be watching the FCU OS website for a list of CVs. Glad Mr Gifford followed the by-laws carefully. Nominations are now closed. Cheers!