FXG
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4.71% 8.9¢ felix gold limited

Expensive drilling plus cost of being a significant claims...

  1. Plummage
    934 Posts.
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    12/02/24
    07:41
    Post #: 72351954
    Expensive drilling plus cost of being a significant claims holder in the Fairbanks district, plus large option payments to project vendors etc. The initial IPO $10m was gone in 12mths for 14,000m's of drilling. Last year they raised ~$3.5m. Currently drawing a loan. Clearly the strategy is not sustainable.
    FXG Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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