Fosterville South Exploration Ltd V.FSX

RE:RE:RE:News Release

[Tad]

Goldred,

FSX is a little frsutrating, but it is what it is. Once the news flow starts on assay results it should be pretty constant. Just a bit discouraging sitting with "dead money"  on FSX and LVX, watching other plays moving up significantly in the past couple months. I've got money spread around on a number of plays, so I can wait here a bit longer, and had a decent swing trade on FSX shares I bought in the $1.20's and sold at $1.72 a number of weeks ago and recently bought back in the $1.30 range . 

Yes sir, Calibre Mining is firing on all cylinders, increased their Proven and Probable reserves by about 200% this past year with the 60,000 meters of exploration and infill drilling they did in 2020 .... and they're In the middle of an 80,000 meter drill campaign for 2021, as well as their JV with Rio Tinto hunting for an elephant copper/gold porphyry.

The nice part about Calibre is the fact they have around 2.7 million tonnes of milling capacity but are only using about 1.7 million tonnes at present. All the new gold discoveries from drilling they are finding will be going to the bottom line in the coming months and years with little CAPEX as they've developed a hb and spoke strategy for all their concessions.

Calibre MIning management team were the same felllas who ran Newmarket Gold and turned around the Fosterville Mine when they bought Crocodile Gold out a few years back, before subsequently merging with Kirkland Lake Gold after less than 2 years. 

And CXB has been issuing a steady stream of information to shareholders on a consistent basis.

Check you inbox for the small junior exploration company I briefly mentioned. Moly prices are currently sitting around US$14 / lb in the forward contracts up from the US$6.50 range in 2020. 

Pretty simple math .... 450 million lbs of moly at US$14 ... just udder 20 million shares O/S.
Even if this company sells the moly deposit for 1% of the valule of the moly deposit, we're 
looking at multiples of the current share price of $0.60

;-) 

GLTA !