FDR standing tall on the launchpadThings are really lining up for us Founders shareholders. If there were an explicit ingredient list or recipe for a major March breakout, our company would be following it to a T.
Sharply rising share price? Check. Smoothly increasing trading volume? Check. A bevy of new comments - and new participants - on our CEO.ca forum? Check. (Participants new to FDR, that is - I recognize some posters’ handles from the Great Bear heyday.) Even a vaguely-worded basher has shown up.
Increasing length and meatiness of said comments? Check. A beaming CEO who loves giving clear and evocative interviews? Double-check. And last but not least, a coming public-relations catalyst? Underway today: PDAC.
All of this building on an early 9.9% strategic investment in August by a big-name institution who was also early into Great Bear? Check. And plenty of other institutions participating in the $0.80 PP in November? Check.
In case that list wasn’t enough, and with an impeccable sense of timing, in their off hours Colin Padget and team managed to arrange a gold price breakout. Like anyone in this sector needed reminding why successful explorers such as ours are extra special.
Maybe some of you are wishing the weekend would hurry up and end so you could see how we open Monday morning? Because we’ve had a smattering of bullboard comments Saturday and today. For those of you not yet retired, when was the last time in your life a weekend dragged by too slowly?
All very good, but all derivative. What about the actual news driving this story?
No need to discuss the specific contents of the cores. They speak for themselves. Let’s go up a level in our examination. Since our second rig got into action at the end of October, we’ve put out eight sets of assay results. That’s two per month.
And it bears repeating: the rate of news-flow is itself news. Three solid-to-great assay releases in February! I’m not sure that has fully sunken in yet.
Because if our geo team has a good understanding of their property’s gold system, and it sure looks like they do, then two things will happen from here on out. One, the time between drill results should keep shrinking. Two (as a result), those “rare” exceptional results with eye-popping gram-meter intervals should likewise arrive with greater regularity.
All of this without a third rig yet! The purchase of which is also in the plan. What fence-sitter will dare to remain uncommitted to our stock in the face of this kind of potential speed?
That’s the big picture. Drilling down a little, no pun intended, and we see the great drama in our gold-seeking endeavours. Our company is being pulled away from its desire to explore the marvelous Buese zone… by never-ending improvement in the picture at Upper Antino. FDR’s dilemma is reminiscent of Tolstoy’s short story “How much land does a man need?”, minus the embedded tragedy.
In that brilliant but hideous tale, a sympathetic peasant strives to better himself, meeting with steady success. Until the Devil tempts him to gamble everything for an objectively easy win, counting on sabotage from the peasant’s own heightened ambition.
Fortunately for FDR, we hold the property option. Antino is already ours to explore, and we have sufficient time and cash to prove up the gold.
Happy March, everyone.