RE:RE:RE:Didn't buy much of this onegoldanalyst wrote: Fundamentally a lot has changed especially with respect to the share price....better to buy low and sell high than the other way around... better places to put your money for the next year unless this drops below 50 cents...then it's a good entry
Goldanalyst,
If you feel that way, I am not sure why you are here? I am not just invested in FVL, but heavy in Newfoundland in two other junior mining companies which I posted about.
Fact is nothing has changed fundamentally from a company exploration perspective. They have had continued success in what is a long drilling FY 2021 program due to the massive size of the property and depths of each hole. I personally could care less of the day to day price. Because I know how this is gonna work in the long run. Sprott has this on his back burner on simmer for now which is what I have. It will start bearing fruit towards the end of the year into early next year. We have had just 2 holes of the 80 expected for in the FY 2021 drill program. Things are just moving very slow due to the crazy demand on labs etc. This is also a different play than Newfoundland companies. Large global resource which will be 10M plus ounces easy and more towards 15M+ ounces eventually. Lower grade open pit with potential for underground if numerous high grade veins are nailed down with a lot more tighter drilling. Take a look at page 30 of the new corporate presentation and see the massive size of the property east of CVS zone.
ES said numerous times on his webcasts in FY 2020 talking about FVl that he pressed his bet. Same wording he used on NFG and what he did on SIC. He invested in FVl numerous times starting when they were under $0.10 right up to the $1.10 PP (I think it was this amount).
GLTA
BC