Saw this news release and logged into IHUB to see if anyone had posted it.
Today's press release is a pretty clear indicator of the current value and suggestive of the future value of the company.
I think private placements like this (along with the Mackie Research financing that is underway) are pretty encouraging. If you look back at the earlier private placements, they have been done at progressively higher price levels. .25, .50, and .70. This and the Mackie Research Private Placements are being done at $2.00 per share.
We've seen lots of assets brought into FTMR at valuations of $2.00 per share, and now we're seeing restricted shares being sold for $2.00 per share. One of these days we will be given a fuller picture of these assets and their potential value. Until then, we rely upon the current stock price and the dollar value of these private placements to figure our the current value of our investment.
These funds, along with the $4.5 Million raise being worked on my Mackie Research are all being purchased in anticipation of what FTMR will become.
Mile markers we can look for:
1. Valuations and projections by the company of what our acquired properties are worth.
2. Successful sale of the Mackie Research private placement. And maybe the other $500K of the private placement mentioned in today's press release.
3. Maybe a research report written by Mackie Research??
4. Word of TSX uplisting. See former post on the TSX listing criteria: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134045513 INCLUDES: RECOMMENDED WORK PROGRAM: "Clearly defined development plan, satisfactory to TSX, which can reasonably be expected to advance the property."
AND an "Up-to-date technical report prepared by an independent technical consultant (NI 51-101) and/or Geological Report recommending completion of work program."
5. By my calculations we should have a quarterly update (for quarter ending Aug 31, 2017) by the middle to end of October.
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