Fortitude Gold Corp (FTCO)

[Neverhadawinner]

FTCO has applied for a BLM permit of operations at the Golden Mile location. 163K ounces of indicated and inferred gold is considered sufficient to move forward to a production decision. FTCO management targets a production decision in the first half of calendar year 2022.

The mine will develop gold to a carbon stage. Further refinement to DORE' will be done at the Isabella Peral ADR. This will prove to be a smart move in reducing the time to place the mine into full production and the initial capital expense of the mine.

With the opening a second productive mine, FTCO "should" move to a middle tier gold mining operation with a larger PE ratio. Current income per share for the first nine months of 2021 was $0.64. Moving to a full year should be around $0.85. Therefore, FTCO PE today is around 7.69. Middle level gold producers usually see a PE around 10.

Going forward we should see stock price rise to $10-12 by the end First Quarter 2023 for a 53% to 83% stock growth rate.

I personally add to my position every month using dividend reinvestment with no broker fees. Right now I am getting maximum bang for my buck.