Fortitude Gold Corp FTCO

Market cap

[goldpoet]

So, I think it was Sept. 2018 presentation at the Denver Gold Forum, and GORO had a market cap of $315m.  What was exciting back then was the Isabella Pearl ramp up, they were going to become an 80K oz producer right about last summer.  Post amicable divorce, Fortitude now has a low share count, GORO has become a Mexican producer, and the FTCO growth story is now Nevada, developing other open pits in the next few years to carry the baton when the 4 y mine life of Pearl is up, unless it isn't.  About 11 years ago, GORO's Mexican mine had a four year mine life as well, but they managed to keep replacing resources at the same rate as depletion, and to this day, I believe GORO still has a 4y mine life.  Now the question becomes whether FTCO can replicate that process and extend the mine life at or in close proximity to Pearl while also developing new projects.  Meanwhile, it seems possible that our current $138m mc could double if gold catches a bid again following a long consolidation since August, 2019.  They are also replicating the GORO dividend investment strategy.  I personally hope this time around they deploy more capital into increasing their resources and are not too aggressive with increasing the dividend further.  If the gold price significantly increases, share price appreciation will be the result of organic growth, not dividends.  Look at KL, they are the company to emulate.  Best to all longs, I'm in here for over $100K investment and will add more as the new gold bull thesis gets more solid.  

Poet