Fiore Gold Ltd. FIOGF

Frustrating

[FarmerInvestor4]

Not sure why this stock cannot gain any traction?  Fundamentally, it is a rock star with business model and how it generates cash flow..... but this does not equate to an increasing share price.

I just don’t get it.

Anyone have any comments or know why this is happening?

Thanks in advance,
FI4

[checkmate28]

FarmerInvestor My guess is preceived lack of short term growth catalyst that transulate into immediate increased productiuon. Gold Rock is a bit out. For some, 50K oz yearly production is not exciting enough no matter how much they make.   Todays Q&A should give the market a better insite and remind the market that the Fiore EV is near 2.5 x last quarters annualised cash flow. 

[FarmerInvestor4]

Thank you for this....  by my estimates (and valuation comparison to some other gold producers), I had this pegged at around $3 easy. But it’s not! This board is awfully quiet as well. I gave you a thumbs up for this.. once again, Thank you. FI4

[kooter33]

yeah, I agree.  This company is producing 45M oz of Au at a profit.  $0.16.share for last FY.  Market cap is $ 155M CAD.  Company is projecting same # of oz this year as well.  With Au near or at record highs the earning per share should be similar.  A PE ratio of 6.7 is ridiculous.  I bought in seeing these metrics and their potential for expansion in NV/WA