Hi MarkyBoy49,
As a long time investor in FNT I have seen them to go to above 40 cents twice in their history, at a time when they had far less than they currently have in the way of funds & prospective leases. Also the POG was far less than now.
In your valuation you are only assessing the area of Tolukuma that they are currently enhancing. This lease is very large & has many more exciting areas to drill. In your calculations you make no mention of our other leases Bulago & Muller Range which I assume you give them a value of Zero.
You stated ""There are obviously still some investors left out there who are still selling out"".
I don't see them as Investors but Short Term Speculators & Market Manipulators.
When we finally get to put the drills down & start turning up bumper grades of AU if think that RIO & many of the others majors will have to pay many times the miserly 4 cent per share that you have settled for.
Cheers and good luck to all genuine investors.
FNT Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
(20min delay)