RE:RE:Question...goldhunter11 wrote: $5 SP for FVL given the current $0.60/s would be quite a leap (8 bagger). It was up in the $1.8/s range when 2001 was discovered. So aiming for something a bit lower (e.g. x5) would be within reach following release of some good hole results. Currently the Mkt Cap is about ($200M, with a 6.5Moz global RE). If SKE is used a guide (Note: It has 5Moz, estimated, but with a high grade for an OP) assuming that FVL cold get beyond 10Moz with the new resources from the higher grde (than ~0.7gpt) then factor of 5 could be used (to get 1B Mkt Cap). I would venture to guess $3/s within 1 year.
Some napkin math will be posted on ceo.ca/fvl
GH11
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Chrysosgold wrote: Does anyone for see at anytime fvl will reach the $5 mark.
Goldhunter11
You make sound down to earth calcs. My take in my mind:
1. Lets forget about the summer of 2020 when the price reached $1.95 high. That was based on a much lower float at that time, huge run up in the junior gold sector and gold price, lots of speculation on the 2nd hole (whether it would create a high grade rectangle), and momemtum traders.
2. This Company hits on all holes. We began at 6.5 ounces (albeit indicated and 4.5M inferred ounces) which has increased substantially with the FY 2020 drilling and 2 holes of the FY 2021 released thus far.
3. We have 78 out of estimated 80 deep holes to be reported (in fact about half to be drilled yet). So imagine how that will increase the global resource with the huge intersections.
4. The drilling outside the legacy Dolphin intrusive has been about 40%+ better grade minimum and being conservative than the legacy 6.5M ounce grade.
5. We have exploration surprises coming our way per item 3 above. We are fricken due for some. This property is huge and goes on for many KM east of CVS zone, including all those veins.
6. Let them drill this out. The valuation is going to depend a lot on item 3 and the fact we need to get a handle on the high grade hits/veins. If management can dilieneate them based on FY 2021 drilling and find high grade pockets, then that is a game changer.
7. We are leveraged and dependent, certainly at this point with our legacy lower grades, to the gold price (more than higher grade plays). A higher price directly moves this stock price. But I will leave that for the moment.
I believe they will be successful in item 3 above. I believe the overall market cap is low here and the market herd will come roaring back when we have some real good PRs. It will go fast. So conservatively, in my mind based on 335M shares o/s now, my mimimum price target by March 2022 (when we have had the majority of assays released at this crazy slow pace) is between $1.50 to $2. That assumes a gold price which is range bound ect. and no momemtum run up in the gold sector. All factors being equal. That pushes the market cap to some hefty levels. To exceed that, FVL needs real big surprises. So I am basing my target on some conservative view and not hoping for anything super special. I hope I am way off and we run higher.
GLTA
BC