Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I would advise that everybody take a look at the 2019 technical report on the Orosur website. Take a look at page 80 and the geochemistry anomalies, image b. Then go and buy some more shares when you realise what we are sat on here!
We know what we have here, if people do their research they will see there is every reason to add, and little reason to sell. Ignore the decline over the last few months purely driven by covid delays at the lab in Peru. New investors have been given a fantastic opportunity for a good entry point in a prolific gold rich part of Colombia. What's not to like?
I think we've had plenty of good news. Drill results so far have been far from poor, we are aware we are hugely undervalued and if we're honest we know exactly what we need to do to encourage sentiment to improve further, buy! The more shares in sticky hands the more this has to move on any news. Logically if we won't let go of the shares the MM's will have no option but to raise the SP, we've seen it before multiple times. Personally very happy with the turn around so far this week, its up to us to keep it going. If we all have the mindset "but what if" or "I'll wait for it to drop again", it will inevitably drop and so will sentiment and we remain in the vicious cycle of too afraid to buy and too keen to sell. Newmont and Agnico on board, assays due at any time, cash in the bank, gold price strong and getting stronger, awaiting licence approvals etc. The futures bright and I can't honestly think of an explorer besides Orosur that I would be happier to be invested in. The upside here is huge, do your research and tell me I'm wrong! Here's to more blue days ahead and the correction in SP we all deserve.
The fact of the matter is we are ridiculously undervalued here. MCAP approximately £30m yet we have a JV with 2 of the world's top 10 gold producers in an area famed for large gold finds. If people aren't buying now I give up!
Only negative for me about seeing the price at these levels is knowing I have no free funds as I already topped up at the beginning of last week! This any day could do a complete reversal at speed, and likely will.
Newmont (NYSE: NEM) (TSX: NGT), the world’s No. 1 gold miner, completed on Monday the acquisition of GT Gold, after it grabbed the remaining 85.1% of common shares of the Canadian explorer it did not already own.
The C$393 million ($325m) cash deal, first announced in March, gives the US-based gold giant the Tatogga gold-copper project, located in the Traditional Territory of the Tahltan Nation.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” Newmont president and CEO Tom Palmer said in the statement.
Newmont JV with Orosur, current MCAP here £30m.