just thoughts....Hello all….last posted here in 2012, stock was about the same price! lol .. However a lot has changed since I bought in 2011 after the sale of Richfield. Eric Sprott has breathed life into the company.. not to say it wouldn’t have done it anyway , but it would have taken a much longer time. … to the business at hand. Great bear resources sale in feb 2022 was a good example of sale some what similar to FVL . Kinross paid $200 +- in the ground per oz, ($1,724,680,000 for 8,500,000 oz) …..it was a combination of K shares, cash and shares in the new co. formed to mine GB gold. This was before the resource estimate but based on 8.5 mil. oz ( the resource est. later confirmed the amount) I have looked through the some of the drill logs of GB and there are a lot of veins, some times 8-10 per hole, short intervals, deep (as far as 1,190m ), OK grades in most veins, no porphyry. GB share holders should be ecstatic. Lol.. esp. if they held the K shares ( 7.6$ then…$12+/- now.)
E.S.’s recent interview seemed to have promotion of FVL as it’s main objective, as we all know, as a insider and shareholder what he can’t say is more than what he can say! I think his site visit was invaluable. He is a very experienced miner and he would have picked up a lot of info by just being there.
The company’s drilling program, started on April 23, was $10mil which should have produced 16-20 holes of which 13 were completed and 2 on the way on the 22 of July. E.S. was on the ground beginning of August , drilling would have been completed or close to it. No official results were in but experienced miners know what they are looking at. My hunch is they liked what they saw and the co. wants to drill more but no money. Once more E.S. to the rescue, cashed in some warrants, a year early.
The original plan was to produce a resource est. (like 3 months ago) then add to it when the westerly drilling is completed, hopefully that has changed. (this is where the co. could really improve, let the faithful in on the story) It would seem to make more sense to hold off and to incorporate all the results in one killer hooha resource est. then hang the sale sign on the fence and all meet In Mexico!