FDM 0.00% 1.1¢ freedom oil and gas ltd

may production data, page-50

  1. 7,057 Posts.
    lightbulb Created with Sketch. 98
    Paul, you should spend more time looking after your own portfolio.

    Quick glance at PGI,
    Llisting date- 1993 ! Gee what did they do for 19 years !
    Reserve 665,000 ounces, mine life 6.5 years. They better find more gold to justify any potential sp rise !

    First time Albion process used on gold - big risk !

    Sovereign risk - medium-high.

    So close to full ramp up, why sp going nowhere ? Assuming everything goes to plan you might get your pie. They better get their grades right otherwise cash cost is going to sky rocket.

    My big concern- piddly reserves and short mine life.
    As for any other potential upside - pie in the sky ! All companies have them.

    Good advice to sell out on first gold pour, sp usually tank after that.
 
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