Value Microcaps Junior Miners

[checkmate28]

F.v Fiore The Gift that keeps on giving Now $1.70 and my latest DD tells me to hold for further extended appreciation.

Hope you followed me in on April 13th at about .53 cents when I called F.v a Solid low risk no brainer now, and timing for share price growth is right now! Link back for that DD


Now After the run to $1.50, Looks like the consolidation is done and the market is measuring the future. Q3 numbers were based off $1725 gold and Fiore pulled $12.5M in cash flow even with light Covid Headwinds. Add in an extra $200 an ounce and Fiore will cash flow $1Mllion per month from the current $166 Million MC valuation. More than enough to pay for the 6 drills turning and to get Gold Rock to Feasibility and ready for production financing.

Additional near term catalyst will be Prj 2 Gold Rock drill results and a reserve resource update for the Pan Mine. The thing here is, if they can prove up enough extra reserves at Pan, they will extend the mine life and allow for a expansion of production volume. This gets Fiore instantly reevaluated.

News flow after that gets the Prj 2 Gold Rock resource update and the feasibility study in H2-21. Their Guiding to bump the M@I from 400k oz to 700K with a 30% better grade than Pan Mine helping make the Goldrock Feasibility stronger than the PEA. Considering the PEA was 55k OZ production from 362K oz resource, the projected 700k number should allow for a nice production bump and to more than double current production probably in late 2022. Costs should be lower since grades are higher and many costs will be shared with the Pan Mine. They are guiding for a bump in production from these 2 mines from the current 50k oz to 150k OPY from the Pan Mine expansion and the Gold Rock production start. Prj 2 Gold rock is actually a satellite project attached to prj 1 where they will share G@A, electricity, ADR plant and other infrastructures

Throw in the possibility of some M@A or a Deal with Hecla on the 2 Million oz high grade Golden Eagle project.

Things Looking great for the near term even at $1.70. Its really quite a story and to think they got these 3 property's out of Bankruptcy all for $5 Million about 5 years ago. Fiore still cheap now at $1.70 with $1900 gold compared to any other smaller producer.

Great in depth presentation from the CEO
https://www.redcloudfs.com/fiore-gold-fiscal-q3-update/

CM28