Post by
sirfartalot on May 01, 2022 1:06pm
Reminder
All in my humble opinion:
As always, due your own due diligence.
I'm not sure where these low ball valuations/calcuations posted on this board come from, but I would enjoy seeing where .38 to .48 comes from.
Anecdotally, the times when I have made a little bit of money in these speculative juniors, the management teams developed the project and sold it off to a larger company. A win for everyone in a sense. The times where I've lost, management took the path of dilution, dilution and more dilution, roll back, then dilution, dilution, and more dilution ad nauseam. Salaries and expenses were never adjusted for performance.
Regardless, a few reminders for reference:
References more than 130 million invested in the NICO project
https://www.fortuneminerals.com/assets/nico/nico-resources-reserves/default.aspx
References 3.9 million gold equivalent ounces with base case for NICO. Is Sue Diane included ?
Are the current drilling results included in that number ? (i.e. hypothetically, the number should increase with any future drilling).
https://www.fortuneminerals.com/news/press-releases/press-release-details/2012/Fortune-Minerals-announces-updated-mineral-reserves-and-positive-FEED-study-results-confirming-NICO-economics1130060/default.aspx
References how to value a junior minor's gold in ground per their opinion:
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/
References gold equivalent ounces:
https://www.fool.com/investing/2018/05/21/what-is-a-gold-equivalent-ounce-geo.aspx
Sometimes it is good to reground oneself.
Good luck to all longs,
We wait, while Wally seeks safe harbor with the S.S. Mineral.
Comment by
Tuckerthefox on May 01, 2022 1:34pm
Sir Farty, you continue to impress me. Thanks for posting. TTF