TSXV:FCO.H - Post by User
Comment by
gold_strikeon Feb 01, 2021 10:32am
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Post# 32435798
RE:RE:NEWS ;
RE:RE:NEWS ;Commenting on post :
"News will come by next week, and I have a good feeling it'll be very positive. I believe silver will maintain the $28 an ounce and higher going forward and if the drill results are what we all hope it would be, this stock will easily reach $1 or higher."
Did you do your due diligence such as outstanding warrants?
https://fabledsilvergoldcorp.com/site/assets/files/4688/fabled_silver_gold_corp_-_corporate_presentation_-_january_27-_2021_1.pdf
Page 4...when you add the outstanding warrants to the number of shares you get 240 million shares for this stock assuming they are exercised.
This to me is the main hindrance to the share price rising a lot.
Not trying to burst anyone enthusiasm, just stating facts.
But your saying a stock with currently just over 4 million ounces silver defined (page 10) will achieve a market cap of $240 million ($1 a share) if the next drill results are good, again, assuming all warrants are exercised?