Post by
rockhead7 on Jan 03, 2021 12:09pm
History with FGC
Yes, I was a significant shareholder in Merrex that spun out FGC 10 years or so ago. After the spin out I put 6 figures into the first private placement-OUCH. But, like you, I am grateful that management has stuck with it and kept it going. A lot of juniours from that era have disappeared. Walter has kept plodding forward like the proverbial energizer bunny. I remind myself that back in the early days we were very encouraged by how close ELD was drilling to the propery line. Nowadays that adjacent property is a shining star for ELD, pumping out Au in a safe predictable stream. I continue to think that at least a toenail of that deposit is on our side of the line! I continue to hope to hear soon about progress on the taiings ponds in Turkey. Do not qoute me on this as it has been a lot of years but as I recall those ponds potentially represented about $16MM US in profit-back when copper was $2/pound-what are the economics with copper at $3.50? And let us not forget about the recent acquistions in Canada, specifically in Quebec-a very mining friendly jurisdiction. As a broker I used to love doing the economics of FT shares for clients, 100% WO plus a 15% tax credit-in Quebec its even better with an additional healthy TC from the province-as we used to say about Dome Pete in the early 80s-"they can make money drilling dry holes" As you say, we have a lot of irons in the fire and it appears we are about to start seeing some results! GLTA
Comment by
inse on Jan 03, 2021 3:22pm
rockhead7, thank you for sharing your personal experience, perspective, and insight about FGC! Let's hope 2021 will be a HUGELY POSITIVE year for FGC. GLTA