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Re: overbore post# 8691

Thursday, 04/25/2019 1:03:14 PM

Thursday, April 25, 2019 1:03:14 PM

Post# of 19237
I think that everyone here believes that it’s simply a matter of time until gold moves up in a big way. At the end of the day, the price of gold is the main driver of this stock. If gold were to push through 1500 my guess would be that FF moves past $1 usd and possibly higher. As such, we’re in a gold price waiting game. The most important thing for FF is the ability to finance itself until the day comes that gold moves up. I think they had 6-7 million in the bank at last check. They are going to need more to be comfortable in weathering the gold price storm for the next year or longer. I would ask Dan what the plans are for raising additional capital. Stock sale? Bank Loan? Sell off a couple of properties, etc.