Post by
68Charger1 on Dec 21, 2024 10:52pm
FDR and its 2025 outlook
The drill results have been coming fast, but the broadcasts of management interviews and discussions can travel at the speed of light. Major thanks to JuniorResourceInvesting for his ongoing commitment to covering this story for us civilians.
Antino’s expected collective magnitude keeps growing. My own valuation model currently has 9 zones, including the two low-grade, but potentially high tonnage “connecting zones” between Upper Antino – Buese - Da Vinci. It is not clear whether the 10-15 additional potential zones Pascal Vogeli mentions might include some of the obvious ones I have included in my model, but it hardly matters if there is a lot of overlap.
And all of this makes no allowance for what zones the adjacent land packages might contain, if FDR is successful in securing those exploration permits.
Glad to see Pascal is being properly introduced to shareholders who may not have been able to talk with him in person at the investor conferences. Our depth and strength of management parallels Founders’ wealth creation potential. As is to be expected.
Our team’s ability to successfully target the prospective deposits with drill holes seems to be improving from an already strong baseline history, as demonstrated by Da Vinci. A “[hit rate] north of 75%” on drill holes!?! I wonder if any substantial gold drill program in history ever achieved that level of accuracy?
And that’s hardly the only mind-blowing remark from the interview.
For Pascal to imply a modest success rate would consist of proving up 3 or 4 new zones out of the 10-15 possible discrete, individual new zone targets boggles the mind. And maybe 13 *more* kilometers of trends in Lawa!? That’s in addition to 15 km of trend extending from Froyo, if anyone’s forgotten.
So… 28 km of gold trends versus Great Bear’s 6-8 km. Now there’s a comparison I can get used to. No disrespect meant to Chris Taylor – and none taken by that modest superstar, I presume, since he’s a part of our crack team.
“How many Froyo’s are there [on the Antino property]?” If that is truly the relevant question, then our stock is an absolute steal under $5.00.
But at the risk of understating the importance of wealth - especially for any of my readers who may find themselves staring down the possibility of a life-changing financial win with FDR - there are some things money just can’t buy. Like the excitement Colin Padget and his merry band of adventurers must be feeling right now.
I’ve said it before, but it bears repeating with different words. Our management is likely all hitting new personal highs now in terms of their career satisfaction. Even Chris Taylor – and that’s a high bar for him.
In a similar fashion, as shareholders, some of us may be having more fun in the stock market than we’ve ever had in our investing careers. I know that applies to me for sure.
I don’t see how this stock still exists as an independent entity by fall 2025, but if it does it’s going to be sporting a much higher market valuation.