Post by
mewbuddy on Oct 27, 2011 7:51pm
valuation
according to my conversation with the management they are very confident to expand its resource over 1m. right now FDN hold 60% of its cold stream project. let's say FDN have 600 K oz gold. right now market evaluate FDN 3.5M and it currently has 2m cash with almost no current debt. actually market only values its 600k oz cold stream project 1.5m dollars which means right now the market only value the gold from coldstream 2.5 dollars per OZ. normally inferred gold resources will be valued around 50 dollars. pity we are only 1/20 of fair valuation. can anybody find any other such under valued gold exploration companies with almost 1m oz gold project?
Comment by
mewbuddy on Oct 27, 2011 7:53pm
By the way the pp has closed. we will see the news release soon.