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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

Comment by 68Charger1on Oct 23, 2023 3:36pm
76 Views
Post# 35696896

RE:RE:And now… the jump to light speed?

RE:RE:And now… the jump to light speed?No danger of that, Daugaard.  It’s my biggest position too, as you may have guessed.  Astonishing that few bashers have shown up yet today – you’d think they’d be out in droves on the smallest pullback.
 
Guess I should maybe re-post my June comments on the potential value of a 5-million ounce deposit to see who wants to get in on that aspect of the discussion.  I’m surprised no one else has posted any models of their own, at least not that I’ve seen.  My $0.75 financing price assumption was too conservative.  We’ve traded so much volume above $1.00 I can’t see FDR falling back through that level absent some kind of geopolitical earthquake involving nukes.  [Writer pauses to knock on wood.]

Definitely a strange feeling being this early to the party like we are.   It may be that FDR still has not really captured the resource investors’ collective imagination yet.  I would never want Padget to distort his own personality by promoting more than he thinks the story warrants, and good drill results speak the loudest anyhow.  But he does make even modest Chris Taylor look like Donald Trump by comparison.
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