Fabled Silver Gold Corp T.FCO

RE:RE:RE:RE:RE:The race is on. Road financing by the Feds announced.

[tresspaser]

A couple of questions on FT/ECS:

1. ECS is building a factory to process the mine. It is half of the 149M needed for CAPEX, which will be in place in ~12 months after CAPEX (according to ECS documents).  How is this different than the vertically integrated mine that FT has?   Aren't both plays vertically integrated??

2. What does "shovel ready mean"?   FT needs to build the mine, estimated at 2 years or so, as does ECS.    It is a term used by FT management all the time, but I never understood the implication.

As I've always said. Both are good plays, and I am invested in both (more so in ECS though). However, there was an article put out by you Jim (5 Cobalt plays) that said the IRR was only 15% at 16.00/lb cobalt for FT.  The IRR accounts for everything (shares out, debt, Capex, yearly production, minerals, etc).  ECS has a much higher IRR (24.07%)  at Cobalt prices of only $10.23. Using the same Cobalt prices that FT uses ($16), the IRR will be MUCH higher when the BFS comes out (again lol) next month. I think the main reason the IRR is so low is because of the number of shares out for FT (like 280M or so), combined with the large CAPEX (589M). However, with Cobalt demand surging and the road finally coming, FT has a tremendous up side too.

Both good plays.  I'm glad the carabou issues got resolved for FT.