Post by
Earlyone_1 on Oct 07, 2024 6:01pm
An excerpt from the Peter Epstein article…
Telemarker, Can you make sense of what he means here in terms of valuations ? Fireweed Metals bills itself as having one of the highest-grade tungsten resources. I attribute 30% (C$49M) of Fireweeds valuation to its tungsten prospects or $131/tonne in the ground. Given Foxs grade of 1.03%, (vs. Fireweed at 0.70%) each 10M tonnes could be worth ~C$11M = $27/tonne vs. Happys valuation of ~$7M.
Comment by
TELEMARKER on Oct 07, 2024 8:56pm
I think FWZ share price is getting ahead of itself (mc $267million) The 30% for MacTung might be high. Primarily a zinc lead deposit in remote location We know HPY is undervalued
Comment by
Earlyone_1 on Oct 07, 2024 10:37pm
What ever they are doing ( drilling with excellent results ) is positively reflected in their share price. Perhaps HPY management can help us long suffering shareholders by getting the drills turning on Fox ASAP !!!
Comment by
Earlyone_1 on Oct 07, 2024 10:59pm
I also see they had raised a whopping $ 43 million in their latest financing in June of this year. HPY struggles to raise a lousy $ 500 k !?!? So it appears not all juniors are struggling for financing.
Comment by
TELEMARKER on Oct 08, 2024 12:45am
IGO is selling 30 million units for $6 million. 200 million shares after financing. Gold juniors are special I think HPY is off to the races