RE:Great VideoFVI stockholder's jerk knee reaction to the false Stockwatch headline on Thursday claiming FVI lost $59.4 million dollars when in actual fact FVI more than doubled 2021 net income to $59.4 million from $21.5 million in 2020 presented an opportunity, for those who were more careful to actually read the year end financial report, to pick up shares at a discount.
I watched the trading action today and it was clear that there were willing buyers ready to scoop up those panicked sellers. Bids would get refilled and would not chase offers.
The volume was down today. I suspect as people have time over the weekend and the Stockwatch fiasco gets digested we will see a rebound in share price come Monday.
I recently posted a spread sheet (see below) I did on March 11 comparing 17 silver miners and posted the top 7. I rated FVI at the top because it has a p/e of just 13.6 and while its 12.7% profit margin was a little lower it was because of an anomolous weak 3Q because of COVID, equipment failure, and integration of ROXGold that is all behind FVI.
That turns out to be so as an excellent Q4 and year end demonstarted and as mentioned in the video interview of Jorge.
FVI is listed as a silver miner but really it is a gold/silver miner.
I also did a spread sheet comparing 17 gold miners out of which there were 7 most profitable companies at the top. The top two were GCM (2.2 eps) and CXB (7.3 eps).
I would insert FVI into 5 position on that list.
It is those precious metal miners at the top that are coming on very strong as the price of gold took off starting in January. With geopolitical unrest, inflation, and implementation of Basel III diminishing the influence of paper gold on the price of gold it can be expect precious metals will continue to climb.
I expect these top precious metal miners will all have robust Q1 reports.
SILVER (Q3 ’21) (March 11)
RTN RTN
$ EPS P/E P/B %EQ %AST YIELD Profit
FVI 5.44 .41 13.6 .91 5.78 4 - 12.17
SVM 5.21 .23 22.6 1.4 7.19 5.06 .59 22.21
SSRM 28.34 2.14 13.2 1.32 11.08 7.34 1.26 29.1
MAG 22.54 .06 397 1.29 1.29 1.25 - 00
EDV 32.09 0.0 16.2 1.56 11.35 6.49 - 10.1
PAAS 34.85 .57 61.8 2.16 3.86 2.9 1.75 6
FR 17.06 .2 85.4 2.47 3.06 2.07 0.24 -0.8