Freegold Ventures Limited T.FVL

strip ratio

[stockpunter2]

Does the average depth of ore tell us whether the strip ratio is likely to be favorable?  average/less/more?   I remember with Victoria Gold (not owned, RIP) the management touted a low strip ratio that compensated for a less-than-stellar grade.

[Mackthenife]

Perhaps you should have asked IR( KW ) before you sold your shares! 

[stockpunter2]

I can still do that.  I was hoping for something intelligent from the board.  You know, something material about how strip ratios affect POG in the ground, how deep are the intercepts.  Never mind.

[Mackthenife]

So most of us are not engineers with technical data, but how's this? I believe it is 1.75:1 strip ratio which puts it well within the perameters of a successful mine! It would be in the top 75 percentile of mines in NA! Good luck JMHO-BS 

[GoneBroke]

All the pertinent information you are seeking will be answered in the PEA > Preliminary Economic Assessment  However , Kinross has been 7kms down the road working their open pit mine for over a decade with the spot price of gold several hundred dollars less than what it currently is  Perhaps you should wait until the PEA is released to reinvest back into FVL > it should be a great

[stockpunter2]

good to have a crystal ball and know the furture.  So, maybe explain the past:  what happened in Sept 2020?  Share price hit 1.95 then slowly dropped..  Why?  

[GoneBroke]

Simple > Bitcoin has been everyones darling over the past 4-5 years , the price of gold is now $2,500 an ounce spot and over the last 3 years all of the global central banks have been buying gold at record levels . Further > the BRICS nations are all leaving the US reserve currency or Petro-Dollar , as they prepare to release their own form of trading currency back by gold bullion  And

[stockpunter2]

so, not a clue, then.

[Mackthenife]

Hard to believe you can forget how badly world governments mismanaged Covid and screwed up most sectors of the economy