TSXV:FGC.H - Post by User
Post by
goldmembon Sep 08, 2016 12:46pm
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Post# 25218420
Great Opportunity
Great Opportunity I talked to Walter Henry for clarification on the current outlook of the company. He currently isn’t taking any salary and the long term debt is being written off near the end of the year. They have a $450,000 unsecured loan for the tailings project and with it being unsecured should the debt somehow not be repaid they wont have any rights to any of their properties. They have started crushing and trucking the tailings, so this will start generating some nice cash flow going forward. They plan on Drilling Menderes project which is directly beside Eldorado’s Efemcukuru project which this year is projected to process 450k tonnes grading 7.5 GPT. Eldorado drilled 5m from the boundary and hit significant grading gold in this area. This property has also had many LOI to JV.
He also explained the Mali project has two majors looking into a Joint venture.
Many more positives about this company,
Goldmemb