Does it have anything to do with drill results the last yearThey have had some good results on a few holes. But they have drilled a ton of holes.
At the beginning, they drilled the what they knew were the really sweet spots. And drill results were amazing.
This is about 140 km in strike....
It makes sense to me that people want to see what conclusions they can draw from 500 000 meters of drilling.
The deep drilling to me results were not spectacular. It costs a lot of money to drill at that depth.
The MRE and PEA.... I expect they will be done over one of the zones, maybe two. Not everywhere they drilled.
That will be critical for the stock price.
btw, I would be happy if I had bought FVL a year ago. It's not doing that bad :)
Good luck. Since I started reading all the posts... so far the posters saying it will go down have been right for a year. A month ago, when it was $3.50, a poster said it was going to $2.50. And I thought they were nuts. There was no way. since then, they or another poster said 50 cents. That has happened with a lot of speculative mining stocks over the years.
Hopefully they got the goods.
I think the report said 2nd quarter. Seen a poster hear saying early in the second quarter. They have been putting it off for years. I doubt very much that it will be early in the second quarter. I expect it to be probably next summer.
Will they have to raise money before that?
GLTA