Replies to post #19 on Fortitude Gold Corp (FTCO)

[8thaero]

Jason learned from dad Bill the plan for a PERFECT mine. Locate reliable source not yet listed as a SEC proven resource to begin prove out just by production drills over time. Keep the shares as tight as possible with high corp mgt ownership and begin a meaningful dividend ASAP. Ideal is 1/3 earnings to growth, 1/3 to taxes and final 3rd as the dividend. Proved out as GORO first commercial ore recovery as float delivery to refinery in June 2010 with large div in July and declining but monthly ever since. What is saved in expensive site studies goes as revenue expensed to cost meaning bottom line not listing build out as asset so tough for investors to realize the profitability. The assembled Nevada Walker Lane open pits are the perfect example to now come on producing. Was way explained to me in late 2001 and I took the bait, thank goodness! 8