RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:55m at 3.06 g/t Au - Including 15.9m at 6.93 g/t AuSavin,
I am invested in the company, precisely because of that vein from KL to the north, but unlike KL, fsx has not located or delineated any of these lower cost heap-leach fields. Surprised by this because of the sheer size of our land package.
I believe that the best way an explorer can become a producer (without massive share dilution) is to locate and extract gold from these leach fields. Production costs are minimal compared to drilling. Exactly the same path KL performed.
Otherwise, without an income flow, fsx may be forced to sell off its land holdings as its treasury goes to zero.
And with the high percentage of shorts on this stock, all attention has to be paid to performance levels of drilling results.
Spinouts, are fine to slow the expenses of land holding costs and expenses, and thus burn rate of the treasury. They also give tax free shares.
Keeping a careful watch on drilling news, and more importantly, news of any leach pit area designations and their reserves.
I know this progress takes time, so I can wait.
Marc