RE:Stock RecommendationsGreekgold guy,
Osiko has 6M ounces of proven and probable reserves at about 9gpt and is one of the best undeveloped gold deposits on the planet. FVL is something completely different.
FVL at this stage does not have a single ounce of proven and probable reserves. It has 6.5 million ounces of indicated and inferred resouces however that is outdated. With new drilling done so far and more drilling that number will increase. However, FVL must do a lot lot lot more drilling to get to a prefeasiblilty 43-101 which is the minimum needed to declare a single ounce of proven reserves. Management's 2021 plan per their Jan 2021 corporate presentation explains this.
So does the fact Osiko market cap being almost a billion now make sense? Sprott, the big boys and the market who will move the FVL price all know the above so this is no big bluechipper secret. GLTA
BC