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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.


OTCQX:FSXLF - Post by User

Comment by savinfamilyon May 25, 2021 9:53pm
95 Views
Post# 33265499

RE:Question for Savin

RE:Question for Savin
Goldred wrote: The FSX large land package that seems to get larger every quarter: Although it could turn out to be a HUGE asset for FSX and these guys are real pros....In the short term, it could also be a huge distraction, i.e., a lack of focus - too many targets, indecision, etc.


Personally, I don't consider that getting the land package "larger every quarter" is a distraction, but rather exactly a focus proof, the best financing way, the best protection against dilution, hence the best manner to create value for shareholders, even in this very early company's stage.  All this demarche in good balance with the drillig schedule on the main projects.

Take the LVX short history as example. if you want, I could recount it step by step (since before FSX aquisition) and dollar by dollar, in each of FSX and LVX treasury. In our trading accounts too.
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