https://youtu.be/DCEFW_yadGw?si=KgeZEa70K1W8WMcz |
https://youtu.be/DCEFW_yadGw?si=KgeZEa70K1W8WMcz |
Maybe, but how much did they have to pay to buy all these licenses and for all the current exploration which has been completed. Factor all that in and those costs when looking at this.
Cash is king and only small sums paid out over the 4 years. Who knows what stock price the shares will attain in the other company, could do well, could do very well or might not come to anything.
Also, I emailed Ryan and it nows seems the gold exploration plays have all be put on the back burner to focus on the gold tailings, I used to own GDP many years ago, that gold tailings business did alright but the stock never went anywhere or did much. Unlike the gold explorers back in 2009-2011. Disappointing that the drilling on Tully has not come about yet.
Still holding but I sold half my position a few weeks ago. |
So they get 900k per annum in stock & cash over 4 years. Looks like a pretty dam good deal to me.They would have needed to spend 700 / 800k a year on the properties to keep them.Now divested it reduces dilution.Reading through the RNS's it looks like they spend 500 / 600k in total on the assets.So for being one year listed , I think a pretty good start.They also have an NSR The tailings business looks interesting. Gold is flying , some say break 2500 and its going to 5kWho knows but I'm pretty excited about this one. |
Taken from Fulcrum telegramCreating and underscoring value in non core assets, allowing a rationalised approach on core projects, yes.The uranium deal provides for cash and shares to the value of $3.3m along with an NSR, whilst also sheltering Fulcrum shareholders from $3.25m in exploration expenditures and dilution. It has allowed the uranium assets to be separated and funded.The core focus is now gold in a low risk jurisdiction, and one of the premium gold producing districts globally.In this gold district we have the tailings business which is low discovery risk and grow at scale.We also have discovery potential at Big Bear and Tully in two major gold producing belts in Canada.So what we are doing is reducing risk at every turn, creating value and substantial opportunity. |
So much under the radar , I think its time to accumulate this stock.Been reading the RNS 's like the direction they are pointing in. |
https://twitter.com/AOhara2002/status/1768577069779181607?t=iegD4TZFScZOWFMAW1I87A&s=19 |
https://youtu.be/zM33Z9cEaSc?si=kKz7xGy-468SPGKk |
Gold drilling news overdue, must be due soon!? |
Nice news re lockin with Panther Metals.163k buy on the back of that |
I emailed the company about the drilling last week. No reply yet. |
Nothing on Tully. |
 From Sept 18th!!
Ryan Mee, Chief Executive Office of Fulcrum Metals plc, commented:
"Exploration in the Schreiber-Pyramid area at the Big Bear property has been extremely successful confirming a gold mineralised corridor of some 3km in length, multiple drill targets and potential for strike extensions. The results have exceeded our expectations, and therefore warrants a larger drill program which we are now planning for 2024.
Meanwhile, to capitalise on our ability to drill Tully during the winter months and to optimise costs whilst accelerate the development of this quality project, we are planning to start drilling at Tully as soon as possible. The project, which is our most advanced project by far, with an initial gold resource of 107,000 ounces at potentially economic grade of over 6g/t Au, in a world class gold camp which has historically produced more than 70 million ounces of gold, is a truly exciting project to start work on.
We will be updating the market as we progress and hit key milestones towards drilling Tully." |
So when are they going to drill these gold targets? |
I think they are now on a different level !https://twitter.com/1ryanmee/status/1760196722465165709?t=NDH-1729VrtikKnU5MUTmA&s=19 |
Still no news on them getting drilling on the gold projects. |
Some mentioned on the Hive there have been over 20 update since listing lolCrazy the lack of movement or interest |
So far, a very muted reaction to the last few updates. |
125k buys yesterday & 100k today.200k left & up we go |
I paid 15.7p yesterday so prob a buy. |
It's a buy.200k with IG at 15.71 then it moves up. |
Price was 15.7p, isn't that a sell? |
100k buy gone through earlier 200k now available with IG |
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