Post by
checkmate28 on Sep 02, 2020 11:55pm
Love this company
Looks like the consolidation is done and the market is measuring the future. Q3 numbers were based off $1725 gold. Add in the extra $200 an ounce and Fiore will cash flow $1Mllion per month. More than enough to pay for the 6 drills turning and to get Gold Rock to Feasibility and ready for production financing.
Additional near term catalyst will be Gold Rock drill results and a reserve resource update for the Pan Mine. The thing here is, if they can prove up enough extra reserves at Pan, they will extend the mine life and allow for a expantion of production volume. This gets us instantly revaluated.
Newsflow after that gets the Gold Rock resource update and the feasibility study in H2-21. Guiding to bump the M@I from 400k oz to 700K with a 30% better grade than Pan Mine helping make the Goldrock Feasibility strong. Considering the PEA was 55k OZ production from 362K oz resource, the projected 700k number should allow for a nice production bump and to more than double current production probably in late 2022. Costs should be lower since grades are higher and many costs will be shared with the Pan Mine.
Throw in the possibility of some M@A or a Deal with Hecla on the 2 Million oz high grade Golden Eagle project.
Looks like were in great shape!