Freegold Ventures Limited T.FVL

sold

[stockpunter2]

I only had a small position but I got out and I did nicely.   I will always have a soft spot for FVL, but
1) market cap/ oz presented in their presentation is about $20/oz.  I know they are finding more oz  and 20/oz is on low side, but I think this is where we are now and I am not the only one selling. 
2) I don't see why a buy-out would be happening in the near furture.  "Better to buy a great asset at a fair price than a fair asset at a great price" to paraphrase Buffet. (Again, ES would not sully his rep by buying while he has inside info on a sale).  3) Sept is bad month for POG
(according to Bloomberg;  I haven't checked with Nostradamus). 4) the rise from 0.43 to over a buck was not based on anything very concrete.  If you look at the 6 month chart carefully, the share price took off some time after news about metallurgy and before the drill results.  The SP rise has been propelled by the madness of crowds.  FVL may have been under-valued at 0.43 but it is more fairly valued now.  So, I wish FVL shareholders the best and I may rejoin if there is a pullback.  Y'all have a good laugh if I am wrong!  Good luck.

[Hipshot]

Thanks for your post Punter; Yeah us longs are expecting 30M oz, and 100 to 150 in the ground. then we will be laughing all the way to the bank! no offense to profit takers, do it with most of my portfolio, but I think this is a complete different animal. my over m.sh is betting on big payday!!!! Good cheers to all

[GoneBroke]

Well I'm happy to hear you did well for yourself stockpunter , however I would have to disagree with your current valuation of our stock price > FVL is no where near it's fair trading yet , like Hipshot said and I 100% agree > our projected buyout price will easily be @ $100 an oz in the ground ( bottom buyout price ) and the high side potentially $ 200 + an oz in the ground >

[stockpunter2]

I don't disagree with any of this math. Possibly, I'll re-enter with a more serious position once I have dealt with some duds in my portfolio.  In the meantime, I'll do some research and get some help from the board: What are the factors that make a deposit worth 100 /oz vs 20/oz? 1) strip ratio 2) political risk, including environmental and social issues. 3) distance to