Replies to post #34305 on Value Microcaps Junior Miners

[nsomniyak]

Is there a US symbol for Fiore?

[dr_airtime]

F.V Fiore Looking Good

Barely breakthing after crazy week of work. 2019 looking great for Fiore F.V. Also for GORO who is doubling production with no dilution.

Here is my original thesis on Fiore. My company blocked Evernote (original post) so I moved it over to an alternative note takeing app:

Fiore Thesis

Here is Fiore's YEar End results PR from yesterday

Results

0.6X NAV target at $CAD 0.70 SP is a double from here AND Fiore has replaced all the resources (not reserves but this is a low grade heap leach) they have mined since commercial production per the PR:

A drilling program aimed at extending the mine life at Pan encompassed 28,790 feet (over 8,800 m) of developmental and exploration drilling during the year. An updated resource estimate released subsequent to FY2018 (refer to news release dated December 3rd, 2018) showed almost complete replacement of M+I resources mined in the 19 months since declaring commercial production (which averaged approximately 12,500 ore tons mined per day), and a significant growth in Inferred resources even after allowing for mining depletion. Work on a new mineable reserve LOM plan and schedule is currently underway on the updated resource estimate. The updated mine plan, which is expected in calendar Q1 2019, will focus on exploiting the updated resources to extend the current mine life while attempting to reduce the strip ratio, particularly in the latter half of FY2019.

And their presentation:

Presentation