OTCQB:FTCO - Post by User
Comment by
BamBam76on Jan 20, 2024 4:50pm
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Post# 35837538
RE:RE:Anybody out there?
RE:RE:Anybody out there?I guess it's time to start writing our congressmen to try and help get some movement on the BLM permits. It will be interesting to hear what Mr. Reid has to say, but it appears that they don't have anywhere else to mine until the permits are approved ... that have been in the review queue for a year or more. Less than 6,000 oz production is really low for this group. I would assume they scaled back production to leave more gold on the pad so they can meet next year's goal if the permits get held up even longer. This seems like a great company. It's sad to see the red tape slowing things up. Fortunately management has been very conservative and is taking a balanced approach to production to fund further drilling without shareholder dilution. I have really liked getting the consistent monthly dividend. It's OK to wait for a major discovery when you are getting 7-8% on your money while doing it. Hopefully the permits get approved in Q1.