OTCQX:FSXLF - Post by User
Post by
mferguson71on Oct 22, 2020 9:14am
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Post# 31761075
Size Matters
Size MattersSize matters when looking at prospective property. Bring the total to over 700 km2 the Lauriston property is looking very promising. Compare this to NFG's property that is 1500 km2 and a market cap of 400 million. Lauriston Property has the potential with a high grade deposit if we go buy KL mining results outweighs the size differential in my mind. Throw is golden mountain, leviathan shares, additional properties. I'm in FSX over NFG any day. Reason for sell off in my mind is profit taking, early investors in on the ipo or shortly after had nice gains. Not sure if it had to do with the potential spin out. Free shares (essentially a nice little dividend will be issued). Yes there are holds on amount of shares you can sell but that is a smart move by management.