Replies to post #35515 on Value Microcaps Junior Miners

[checkmate28]

Interesting Batch here. I like you, was watching both companies and looking for a buyout of CORE at a much later date. I was surprised. I-80 has 3 CRD's with one pushing to the south towards Paycore's adjoining property where there working on proving up their own CRD.
Together the consolidation forms a monster high grade CRD. Paycore doesn't have to build and are taking advantage of I80's mining permits/auto clave for their sulfides as you said

GORO ? Might have been me involved in some of that GORO friction :) Lets be fair here. The current GORO is not the same mgt you are speaking of. The original GORO 1.0 was the Mexican assets when MX was a better jurisdiction. GORO did go from $1 to $31 under that mgt and dropped back during the dark years in the space. During those dark years, GORO did however pick up some 1st rate assets in Nevada, got them permitted and built the processing plant including ADR very efficiently. GORO spun this out into FCO Fortitude Gold which tripled in price to the current $6.30 shr while paying a sector leading divy yield of 7% and as high as 9% recently. Those shareholders own FCO now for free which left GORO with only the MX assets. The kicker! That old GORO mgt has left and now runs Fortitude Gold where they are making efficient Cash Flow while organically growing a number of other high grade pit projects that will be helping them to grow more CF and higher production numbers which should help bump the share price to record levels while paying the large divy. Their next development will be paid 100% from organic CF that allows them to keep their minuscule 24m OS. Like Minera Alamos Santana prj which I own as well, FTO will build organically their next project to production. The new GORO 2.0 bought a property in Michigan (over 1M high grade resource, I think with $60M sunk costs) that is struggling with a permitting issue they thought they could solve. The 1st Nations have their ancient burial grounds, you know the story. Thats 1 reason their in the tank

STU Stuhini .49 today and for good reason. You should go to the Stuhini website, get Daves number and have a chat, or look him up at the PDAC booth. Hes a good friend of mine, easy to talk to, straight honest. Tell him I said to call. You need to hear the story from Dave. PP's going to be done. They have cash and warrants are in the money. When the story gets out, mkt will have to buy from the 38M OS pool most locked up with Sprott, insiders and friends.

Remember $26Billion in the ground, Molly tripled last year. Demand is real, Future Supply is tight. Full historic Feasibility w/ historic $800 M funding pkg. Their way ahead of the pack, Dave will get the job Done. Just ask Eric Sprott

https://www.northernminer.com/news/exclusive-video-stuhini-ceo-on-molybdenums-dramatic-price-move-and-the-ruby-creek-project/1003851736/

[checkmate28]

FTCO FORTITUDE GOLD 2022 NET INCOME OF $14.7 MILLION, $725 AISC, $45M Cash

This makes the EV about $105 Million On 41K OZ produced, they paid $11.5m in dividends, spent $11.6M on exploration, added $5M cash, pushed forward new increased production at multiple properties where they've pre bought long lead time equipment previous to inflation cost bumps and will build out new high grade mine production with no debt or dilution. Their solid in the high grade Pearl zone this year with much of this years production already on surface so should be good year. Banks wont like Fortitude but I feel vary safe.

LC This is the poor GORO mgt aka Jason Reid you just called out?? Remember this FTCO was a free spinoff for GORO share holders about 2 years ago before GORO shrs took the drop. As to new GORO with new CEO Allen Palmier Im not excited other than to watch for green lights at the Michigan property. Thats a big project if it goes.

COLORADO SPRINGS – February 28, 2023 - Fortitude Gold Corporation (OTCQB: FTCO) (the “Company”) today reported its year-end 2022 results including net income of $14.7 million, or $0.61 per share, and increased its cash balance by $5 million year-over-year to $45.1 million. The Company confirmed both its previously announced 2022 annual production of 41,231 gold ounces, which exceeded the initial 2022 gold production target by 3%, and announced its 2023 Production Outlook of 40,000 ounces of gold (a range of 36,000 to 40,000 ounces). The Company also filed its year-end 2022 S-K 1300 Technical Report Summary (“TRS”) of Isabella Pearl Mine Reserves and Resources. In addition to the updated Reserves and Resources, the Company has an estimated 51,900 recoverable gold ounces on the Isabella Pearl heap leach pad at December 31, 2022. The Company also filed an Initial Assessment TRS for the County Line Property located in Mineral and Nye counties, Nevada. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and substantial dividend yield.

“Fortitude Gold once again delivered strong operational results in 2022 which exceeded our annual gold production outlook, delivered strong financial results including increasing our cash by $5 million year-over-year to $45.1 million and delivered strong shareholder value with our continued and substantial monthly cash dividend distributions,” stated Fortitude Gold CEO and President, Mr. Jason Reid. “The Company exceeded its 2022 gold production outlook by 3% as operations delivered over 41,000 gold ounces at a low all-in sustaining cost of $725 per ounce. With $74.4 million in net sales, $14.7 million in net income, and a cash balance that grew to $45.1 million, the Company is in a very strong financial position with no debt.”

Mr. Reid stated, “Our Isabella Pearl operation continues to deliver strong cashflows and margins in which to invest and build our next Nevada mining operations. In January of this year, we announced an initial resource for our County Line property located just 19 miles northeast of our Isabella Pearl operations. We believe this property has the ability to deliver gold resources to our Isabella Pearl process facilities, extending the potential life of the Isabella Pearl operation into 2026 and perhaps beyond. We also continue to invest in our Golden Mile property with continued exploration drilling and mine equipment and materials purchases in anticipation of a potential mine development decision. We are aggressively moving both the County Line and Golden Mile properties forward in the permitting process with the Bureau of Land Management and State of Nevada with the goal of becoming a near-term, multi-mine operator.”

Mr. Reid continued, “For 2023 we expect to continue our significant investment in exploration and development activities across our exciting portfolio of Nevada properties. With a strong treasury, we believe we can develop and construct both the County Line and Golden Mile mine operations using our own cash without shareholder dilution. Fortitude Gold remains a unique investment in the precious metal space offering investors exposure to gold production, a very attractive dividend yield at over 7.5% and district scale exploration potential in arguably the premier mining jurisdiction in the world, Nevada, U.S.A.”

2022 Overview

For the year ended December 31, 2022, the Company sold 41,464 gold ounces at a total cash cost after by-product credit of $621 per gold ounce, and a realized 2022 average sales price for gold of $1,802 per ounce. The Company recorded revenues of $74.4 million, and net income of $14.7 million, or $0.61 per share.

The calculation of our cash cost per ounce contained in this press release is a non-GAAP financial measure. Please see "Management's Discussion and Analysis and Results of Operations" contained in the Company’s recently filed Form 10-K for a complete discussion and reconciliation of the non-GAAP measures.

Quote from CEO.ca
@kingtut So todays news says we add more benches below Pearl while having added three years initial at Golden mile and one year at County line initial with lots of upside known at both latter two. Not hard to imagine that ceo is right re mining the area for a very long time. It’s playing out and this sustained dividend for our debt free ultra low share count stock