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Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares (ha) with historical production of over half a million ounces of gold. The Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The Project covers a significant area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).


TSXV:FDR - Post by User

Post by 68Charger1on Jun 29, 2023 7:37pm
136 Views
Post# 35521404

Timing of starting gun?

Timing of starting gun?A former broker of mine who specialized in junior resource stock trading used to say “once the drills are turning, that’s when people really start placing their bets”.

One can hardly blame most speculators for at least wanting to make sure the game has properly started before parking their capital.  Every decision has an opportunity cost.  And the best laid plans (and timetables) of explorations teams regularly go wrong, often through no fault of their own.
 
As it stands now, looks like it’s just me talking with myself…  heard by a few patient, silent Eric Coffin / Jay Taylor subscribers plus other well-connected players who read my posts for entertainment.  They’ve already made up their minds.  When someone new finally comments, or especially when someone shows up to argue with me, the curtain will have already risen.

We will know in a few days whether FDR’s estimate of an end-of-June drilling start was reasonable.  Reasonable or not, this team will ultimately have enough time and money to prove themselves and showcase whatever potential their property has.

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