Dan was speaking to this issue in an interview posted here on Sunday.
The term "peak gold" was brought up and talked about. Gold is becoming more scarce in higher grades and these miners are coming to grips with it. That means getting ounces out of the ground will cost more and require more exploration to find. That means higher prices, especially as demand increases.
I don't see FF as a loser at all. They can be a big winner if they play their cards right. First of all, they can't sell properties on the cheap. Just because our shares are cheap at the moment doesn't mean they won't be much higher after investors rotate into the junior/developer/explorer mining sector. That's coming and I know Management does too.
Raw said, "The Losers will ultimately become so cheap that you can add value through acquiring them." Her point is correct, but I think she's also speaking in general terms. Not all properties are equal or valued the same, so all have to evaluated in terms of what they bring to the table. Our owning multiple properties make us somewhat unique in that if a big producer wants to partner at say Springpole and Goldlund with us that option is available. Few developers can offer that option.
I'm confident Keith/Dan are going to position us in such a way that will get our shares back to a place worthy of it's real valuation. We're still a long way from that place, but when money begins to come into the miners it won't take long.
FF just needs to keep their powder dry, have a good game-plan, and weigh all the options available to them. Our shares are cheap, but the gold we own in the ground is much more valuable than our market cap/share price reflect. All we need is a repricing higher and I believe it will happen.
