<<A good idea is to add shares in your favorites in the order of the probable release dates of their first results. So I'd say FGX, CDU and PFG in that order.>>
Claude,
I believe this is one idea but it may not necessarily be the best idea. This kind of a statement demands a number of qualifiers.
1) FGX will soon begin a drill program, after which they will begin their rainy season which may or may not stall the program and share price. While surface sampling is showing high grade (higher than at Luicho), nothing is officially known regarding vertical potential, metallurgy and the size potential (at least from what I have read so far) is nowhere near Luicho's. Historical trend does not portend well for FGX, graph shows a downtrend.
2) Cardero's initial drill program is small ... it may or may not hit in this first drill program. Nothing known about size potential, metallurgy, vertical continuity. I know little about the property at this time.
3) Luicho continues to show signs it is world class displaying high grade with vertical continuity and excellent metallurgical results. In a poor market PFG was able to receive financing for the amount required. Drill program scheduled to begin June 21, results diseminated 3-4 weeks after.
I would have instead said, "One idea might be to add shares in your favorites in the order of the probable release dates of their first results with the understanding there is a risk involved in each. So I'd say FGX, CDU and PFG in that order. Understand there is risk involved in each and do not count on a snowball effect, whereby you can take profit from the first and add to the next.
In my mind, PFG is the least risky of the three, followed by FGX and then Cardero.
Qd |
