Fosterville South Exploration Ltd V.FSX

Chalice / Savin

[Lineminer]

Interesting comparison ---- 11 identified prospects - 2 are operating JV, 3 are identified as "for sale OR available as JV, Pyramid (newly acquired) has two drill rigs on-site and an initial 3500 / 10 hole drill plan for 2021, Chalice is an "earn-in" partner on Viking and SW Nickel for 70% with $6.5 Million in 4 years and their Julimar has a 70,000 metre drill plan moving forward - sounds like they have a PLAN ! ------ now I recognize FSX is a young company - with great prospects --- but I don't see any Plan ! ------- To have and to hold doesn't cut it. I know of no other companies, exploration, operating, tier 1/tier 2 or otherwise which are so richly endowed as FSX. I like the low share count! The LVX spinco was great and accomplished with no evidence other than historic evidence - let's keep the best 5 and farm out as JV (or outright sale ) the other 8 present holdings - and if Lauriston is a major keep - then FSX will have to invest in about an initial 10,000 metre drill program and if justified be willing to expand it to 100,000 metres as GBR did in two years at Dixie in Red Lake in TWO years - no share dilution - they financed additional drilling on the evidence of the first drilling - and BTW it was all hard rock/granite diamond (core) drilling - as expensive as it gets - they spent about $26 million in 2 years - but now they truly understand the resource value -: They had a focus and a plan and followed it. From a SP of about $1.50 at Discovery hole SP rose to a high of about $20 and presently hovers in the $17 range. - Lauriston scales favourably with Dixie - but don't even talk $ capital B possibilities without a drill plan and positive results ---- perhaps FSX is meant to follow the Osisko model becoming both a Royalty company and a mining company - there are benefits to both sides of that equation