Un-Fortuna-te Choice
I have very limited knowledge of Fortuna, so I'm hoping somebody can scare up some info that puts me in a better frame of mind. At first glance of a Scotia comment made on March 11 re their Q4, I see that Scotia gives them a Nav5% of just $2.85 . Earnings per share are very nice: 70 and 72 cents for this year and next, but then cliff city, 21 cents in 2023 and just 2 cents in 2024.
Cash flow goes from the $1.30 level for the next 2 yrs, then 67 cents in 2023 and just 44 cents in 2024. The crown jewel, Lindero, a new mine in Argentina goes from 149,000 oz Au this year to less than 100,000 in 2023.
I fail to see how this boat floats, forget about sailing gracefully into my financial future.