Post by
georgemarch on Dec 01, 2023 9:49am
How does FVI get to $12+ ?...
...With gold and silver going higher.
Plenty of good news coming out about the price of gold for 2024/2025. Recent article about JPMorgan and commodities.
....Gold could rally around the middle of next year, coinciding with rate cuts from the U.S. Federal Reserve, and hit a peak of $2,300 an ounce in 2025, with silver crossing above $30 per ounce, J.P. Morgan said.
Costs for Fortuna will not increase at the rate of price gains for gold and silver. Steady output of 125,000 eq Au ounces puts earnings at 17 cents (Cad- my calculation/estimate) per quarter. My target/expectation is $14.25 Cad next year. Based on the math/numbers and no hype.