A great story.............with great fundamentals !As the new bull market in gold evolves.......the price of gold will keep rising............as it is the primary driver of the seniors and juniors...........
Gold has been in a bull market for 5 years now...........if you look at the chart.........but most of us have been so jaded and still healing our wounds fron the 2011 to 2015 BEAR attack..........that when someone screams BULL..........we cling to our baggage !!
Not Eric Sprott, However, he truly has his PHD is the "gold market " historically over 50 years.............and has the ability to sense where we are at any point in time !
His aggressive investing behaviour over the past 2 years in the projects he deems extra-ordinary is a lesson for me in .......VISION !
Buy when nobody wants it.............and give it to them when everyone wants it..........has been his 50 year experience in the market ! Enough of that !
However, we are in a ten fold market increase over the past 3 - 4 months in fvl and I think a good consoidation in this 1 to 1.30 range is really healthy for the momentum crowd to take some profits and put the weak paper into stronger hands.......... and for the project to build a new base from here.............I also don't see any reason to chase this stock, as we probably won't see any results from 2 to 4 weeks, until the fairly substantial financing is done..............the 30 mil really is a reflection of the quality of the project...........quite a staement !!
If I see $1 in the next few weeks, I will definitely add to my position............we have a few years left in this project development !
GLTA