Freegold Ventures Limited T.FVL

RETURN AFTER 3 YEARS

[BlueChipper2020]

Greeting all, 

I took a small decent position here after three years with my last sale around October 2021. I know the general story here.

A few high level reasons why I am back in here, albeit nowhere near the share level I had after the monster hole. Did very well and could have done so much better if I was not greedy. 

1. 20-30M ounces is just too much to leave sitting in the ground treading water
2. The gold price action the last few years has really gone against traditional theory. The gold price did not rise on hyper inflation, however did not decrease as a result of skyrocket interest rates. You would expect the opposite since gold has zero yield. The gold price has provided a steady return of 10% on average. 
3. Gold is expected to rise as an asset class and has shown its resilency vs say bitcoin. 
4. This project value will rise directly with the gold price and the economics are changing. 
5. They have hit some great holes with big intersections, albeit very deep (economics come into play with gold price increase).
6. Recent Sprott action 
7. The gold price is not likely to go down as an asset class and upside much more likely with declining interest rates. 

This stock has been very good to me and I have a soft spot for it. You probably won't see me post here too much as I am busy with other things and do not want to spend the time to really catch up. I always followed this high level as I said I would three years ago when I left. Nice to see some familiar posters still around. 

I typically do  not like a stock going up without any direct news, however I think you have to look at the whole picture. This stock has steadily trended upwards over a fairly long period of time.   

GLTA
BC

[stockpunter2]

"steadily trended upwards". actually, the share price spiked on 2020, then dropped or flat-lined for years, then shot up starting this past summer.  These facts can easily be verified by looking at the 5 year chart.  You are right about the lack of direct news.  It is all Sprottology.  

[BlueChipper2020]

stockpunter I am taling about the last few months. I know all about the stock price in May 2020 since I became invested around $.20 the day after the big hole of 257M at 3+ grams a tonne was announced. The stock price increased to about $1.80 or so waiting on the second hole which was delayed due to COVID. It was a brutal wait for it but that hole was dissapointing. If it hit, you would have had

[BlueChipper2020]

Correct my last post.  The mega hit was 2020 at 188M x 3.69gpt BC

[stockpunter2]

"This stock has steadily trended upwards over a fairly long period of time".  I guess you meant 2 months.  In any case, you have mentioned that the intercepts are deep, so can you comment on probable strip ratio?  Thanks!

[BlueChipper2020]

Wha tis your problem? You sound like a smarty pants. Strip ratio? I could care less.  Bozo BC

[Cougs79]

SP2 has sold his/her shares and now wants others on this board to try and convince him/her to buy back! Don’t waste any time because the answer can only be provided when the RE and PEA come out. 

[BlueChipper2020]

Okay makes sense. I wasnt sure why he was coming after me just for saying I bought a position after being away three years. Some I am sure remember me here. LOL  GLTA BC