Fortitude Gold Corp (FTCO)

[Neverhadawinner]

JSC,

My apology for the late reply. I was playing golf last week in South Carolina.

I figure FTCO was the driving input to all GORO dividends. Mexico taxes are quite large (+40%) and GORO has to give up 10% of profits to an employee profit share plan. This eats up a lot of cash. FTCO lower tax structure combined with fewer shares outstanding will be a winner. They only have 23 million shares outstanding and good profit potential. I guess FTCO will start with a low dividend and move higher as the company brings on more producing mines. Their mine plan for using one ADR plant to support three open pit mines is absolutely great. Big cost savings.

GORO will keep its 1/3 cent monthly dividend until it gets other gold production mines operating. Right now they live off the good prices for silver, copper, lead and zinc. Those prices are dependent on the world economy. So cash flow for GORO could tank if the world economy does not come back.

My thoughts