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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

Metals & Mining Gold
Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.


OTCQX:FSXLF - Post by User

Fosterville South Exploration Ltd > another reason to prefer FSX (water balance)
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Comment by savinfamilyon Nov 28, 2020 8:22pm
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Post# 31995772

RE:another reason to prefer FSX (water balance)

RE:another reason to prefer FSX (water balance)KL divested this summer in Osisko (100 % for 145 mil. cash) and is divesting in Novo (up to 66 % = 18,5 mil. units x 2,45 $, until Dec 3).

KL have 894,96 mil. cash in hand  and is producing about 340k oz gold quarterly at about 800 $ AISC average (an incredible 312 $ AISC in Fosterville mine, immediatly north of our Lauriston). So, still more cash is coming, even with the gold price correction.

This enourmous cash can't take as directions only the dividends and shares repurchase.

In Swan Zone (Fosterville), KL is drilling up to 1400 feet in depth for bonanza grade. Will FSX be able by itself to drill so deeply ? Will a KL private investing in FSX be a good move for both companies and also for us ?

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