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Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares (ha) with historical production of over half a million ounces of gold. The Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The Project covers a significant area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).


TSXV:FDR - Post by User

Comment by eatmorefiber2on Dec 11, 2024 5:03pm
79 Views
Post# 36357642

RE:RE:Game Over

RE:RE:Game OverThank you 68, you are way too kind.

I'm only speaking my mind, and telling it as I see it. Right or wrong. I'm absolutely grateful for people like Goaweigh (who disappeared right before the Great Bear buy-out). Since I'm not a geo, I can only provide to this board my observations from a different perspective. Let's just say, I have some industry regulatory knowledge, so when I call out transactional oddities, I'm not doing it because I'm lost; I'm doing it because I know something is afoot.

At any rate, yeah, I'll toot my own horn and say I saw the last 2 out of 3 NRs coming and the weird OTC trading. This release caught me off guard and I'm now wondering whether my post from a few days ago forced the team to release this because I think that 15km strike is, holy carp, something that can take this to $1 billion+... even a (non geo) like myself can see what the means.

In all seriousness, I think that 15km trend trend, now possibly confirmed as a 15km strike by Chris Taylor, is a game changer. People on this board and on CEO asking whether $400 million market cap is overpriced? GBR sold for $2 billion (plus the royalties). This was when gold was $1700. One thousand USD less than today. Now multiply that strike by 3x. 

Throw in Lawa and a lower cost and year round mining jusridiction, and all bets are off. $3 billion plus is my valulation target.

And if anyone has concerns I'm some kind of newsletter writer or pumper extraordinaire, you can look through my history and see where I've lost a ton of money on Novo, Irving, Wallbridge, Garibaldi, Eskay, LionOne, and some other Bob Moriarity/Quinton Hennigh/Crescat plays., I will simply thank GOD that Founders has NOTHING to do with these poeple.

So, it's not like I'm some perfect retail investor that can call each and every turn, but after a few successes (Kirkland Lake, Great Bear), and so many aforementioned failures, I can kind of see, what works and what doesn't. And I can see the writing on the wall for FDR. 

One thing I would leave to retail... don't listen to me or anyone on any forum. Listen to Chris Taylor. I think there's a reason why he became a director of FDR, and not, for example, Snowline.... Sometimes, one big win, helps to fix a lot of losses, and KL and GBR are two perfect examples, at least for me.

Good luck all...

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