Fosterville South Exploration Ltd V.FSX

RE:Ferguson, I see you are over on goldenboy's thread

[mferguson71]

I have done a lot of dd on VQA in the last 4 months. Its one that has limited upside.... for now. Studying the area I believe there will be more opportunities to grow land packages for relatively cheap that are turn key ready to produce near term cash flow. The proof will be in production. There are alot of peers with very similar production as what vqa is expecting is year 1. The difference is these companies are trading at around 5 to 10x market cap vqa has. if they can achieve their goals I believe this is a 20 million market cap stock which from what I have saw from the company so far they have executed for the most part pretty good. The final resource size isnt near as big as fsx as far as resources... but call it a 7x return on money is definately achievable in my mind if production goals are achieved. Loaders and an operation mill that is being upgraded as we speak their risk is lower compared to more complex mines being built that always see long delays and huge increased capex costs. They have a good team on the ground in Brazil and excited to see the news on production. Looking for grade information on the new year and projected production numbers before adjusting my price targets further than the 20 million market cap. Disclaimer....I am a shareholder of both VQA and FSX and others.