Solid resultsThe numbers look good, similar to what they have done in the past, which is right where we want to be. Interesting that it is only 1400 meters, so it looks like results will be dribbled out all year as they get them. That is just fine, and will keep the stock on the front of investors lists.
Some seem to want a TSX listing, and I think at some point it will happen, but there is not just good news on that. It also means shares are more likely to be shorted if large investors want to hedge or go short Li. That does not seem likely at this point, but a release like GS did a week ago would have resulted in far more wild price swings for FL if they were on the bigger board.
I am happy to be long and patient, management seems to be getting better at telling the story, getting a larger drill program, and still controlling costs. Infrastructure in the area is being built and FL is not paying for it. That is smart patient persistent management.
Best of luck