30MM$ on Hand.....Market responded negatively to Tuesday's news release.....why is that? Is it because Trevor announced a ressource count of 100Mt and press released stated about 58Mt.....
This is probably one of the reason....nonetheless.....since February 2022 - FL as drilled more than 16 km of holes and increased it's volume from 40 to 58Mt.....
Lot's of questions ahead:
- are we still drilling?
- what is happening with the mini plant announced?
- If Trevor put forward a 100Mt.....knowing that he's a very conservative individual - Maybe there is 100Mt or ressource
What's coming :
- PEA in the upcoming weeks
- Will there be a partner?
Let's not forget that we have more than 30MM$ on hand to pursuit 2023....drilling, PEA, Mini Plant.....and much more.
So at 2.65$ FL is still very, very cheap....
Cheers