TSXV:FGC.H - Post by User
Post by
ajee333on May 08, 2016 10:46pm
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Post# 24852834
Currently drilling 6000 tonnes of minerals in turkey
Currently drilling 6000 tonnes of minerals in turkey - A minimum of $200,000 will be used for developing the tailings projects. Work at the Kambertepe copper tailings, up to 6,000 tonnes, is under way. Preparation for work at Keban started as well.
- Up to $12,500 can be used to finance the pursuit of additional tailings projects that exist in Turkey.
- Up to $37,500 can be used to make option payments and advance exploration on the company's Red Lake and Rainy River projects
They are currently mining their Turkey property, they have solid gold properties in Red Lake property and seven Rainy River projects. They just received $250k and I bet more money will be coming soon. At a 10 million value that would put the stock price at about 0.07. Insiders hold a lot of shares as well. News April 7th, April 20th and now May 7th. Hopefully we move up to 0.03-0.035 on a few million shares. News was released on Friday which should bode well for us. Either way, this is a up and coming deep value play.