RE:RE:RE:RE:Glad I grabbed some back at 0.85...Jetstream1281
I agree however I think Seabridge also has infrastructure issues ect. In any event, my hope for FVL since I got back in three weeks ago is short to medium term potential $4-$5 USD. Gold should hold $2500 as the floor with short/medium term upside towards $3,000. However I do not expect gold to keep moving higher and do not be fooled by rate cuts. That is what you expect to happen, however gold price moved higher when rates were going up which is not what you would expect to happen.
FVL is massive however the gold is low grade for the depths and you know the gold price to keep trending higher. If the above happens, then the in-situ value of this deposit plus loads of exploration potential make $5USD very possible. With fully diluted shares o/s of about 500M, a $5USD price is still optimiistic. Not easy. You need $100USD an ounce which is very possible. Sorry I do not see much higher per ounce due to the low grade and depth of the ounces even for open pit since the capital costs would be massive.
For FVL to be taken out, I think you could have a few majors do a JV to lower risk.
For all of us in now this is great risk reward. I think the above is reasonable however who knows as we could get surprises. A few high grade holes with long intersections and could be a game changer.
Things look great.
GLTA
BC