TSXV:FCO.H - Post by User
Comment by
gold_strikeon Mar 20, 2021 9:50pm
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Post# 32846100
RE:Looks like 16.5 is the price
RE:Looks like 16.5 is the priceSomeone had asked about why I thought the drilling news wasn't that great compared to peers. This is why just as an example: "GoGold Drills 845 g/t AgEq over 3.5m within 84.6m of 125 g/t AgEq at El Orito in Los Ricos North" compared to FCO's results which are bland by comparison.
So yes, FCO would have to 'earn' it's valuation by drilling exceptional results in the future. Since that has not happened yet, this is why the share price has retracted from its high. Are they on to something and will results be progessively better? That is the speculative part but is in no way a sure thing at this point.