TSXV:FCO.H - Post by User
Comment by
Bigoil2113on Jul 01, 2022 2:07pm
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Post# 34796500
RE:Maybe FCO will get lucky?
RE:Maybe FCO will get lucky? I would have to say that's wishful thinking. Will not happen to FCO until there's proven reserves. So far FCO has 4.4million Oz silver. Sure they drilled a few great holes since they took over from golden minerals. But even Peter knows that there is not enough silver or gold to complete anothe PEA. And he won't do a PEA until at least the third round of drilling unless he hits the mother load somewhere. Again, FCO focusing more in the exploration of the other IP's.
not saying that FCO bad or anything. Just saying they have a long ways to go. And the market sucks for miners right now and will remain that way until 2023.
I mean most miners that are raising capital are doing so at a low price, really diluting share count. But still can't fill the PPs.