OTCQB:FIOGF - Post by User
Comment by
thseeker1on Feb 10, 2020 10:32am
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Post# 30667423
RE:Analyst research of Fiore Gold by RedCloud Securities
RE:Analyst research of Fiore Gold by RedCloud SecuritiesFrom that review confirming our belief Fiore is undervalued
Valuation: We estimate withEV of C$43.4M, Fiore is trading at 2.0x its implied F2020E EBITDA, a massive discount to peer’s which trade at 5.8x.This suggestsminimal value is ascribedfor growth atGold Rock. We expectthe new crusher,and higher gradesto positively impact Fiore’s FY2020.Upcoming catalysts: 1) Gold Rock exploration results (H1/20), 2) Pan exploration results (Q1/20), and 3) PEA at Gold Rock by end of calendarQ1.