One overlooked junior focused exclusively on Quebec, sporting a tiny market cap, has found success on the permitting front and is preparing to push product to market.
Click on the arrow below to learn more in just 60 seconds about President and CEO Michael Dehn’s strategy to differentiate Fairmont Resources Inc. (FMR, TSX-V) from the rest of the “crowd” as he positions a company with key logistical advantages as an emerging supplier of high-grade industrial minerals.
Note: Jon holds a share position in FMR.
Bitgold,people!Buy before it’s too late!
Comment by jim niles — May 15, 2015 @ 7:00 am
Looking at GGI’s financial statements it seems they don’t have enough cash to develop anything
Comment by Leslie — May 15, 2015 @ 7:51 am
I don’t know how you read financials, Leslie, or whose you are reading, or if you’re keeping up to date on things, but GGI is putting $1.2 million to work on the Grizzly (raised at the end of December) and of course holds an equity position in NYSE-listed Coeur Mining, an investment that has increased significantly in value since late last year, so their working capital position is just fine at the moment. Drilling is less than $100 a meter in Mexico (they own their rig which is a major advantage).
Comment by Jon - BMR — May 15, 2015 @ 8:01 am
Jim – XAU can come down quit a bit before it goes up. Its an IPO as you know. They are historical for the initial insiders to start selling some of their position early. It happens to all of them. Look at BLO, NSP, many others. For me, I will wait and see how this thing trades a couple weeks. I would rather buy it at $10 knowing its going to $20 then buy it at $4 only to see it go to $2 and have to wait just to get my money back.
Comment by dave — May 16, 2015 @ 6:34 am