SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)
FT 7.950+0.1%Jan 8 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elizabeth Andrews who wrote (537)12/6/2000 9:44:22 AM
From: Dave R. Webb  Read Replies (1) of 612
 
One of the results of the end of the cold war is that the US DLS is selling off its "surplus". That the US government selling accounts for 8% or so of the total world production is interesting in and of itself. How much more to go? What will happen when they stop?

Nico is a large gold deposit, excluding all other metals. One could view that as both the good news and the bad news. The current thought is that Nico fits a class of deposit that includes the Olympic Dam deposit among others. There is room for some an increase in size, and other deposits on their property. The mineralization is not very obvious to someone who isn't experienced at Nico. Many other geologists and prospectors had walked over Nico and not seen it. It is not unreasonable to expect more discoveries over the next few years, all of which improve the economics of Nico.

I think Fortune has done a pretty good job advancing the property. Perhaps the stock was too high at one point, but similarly it can be said that it is reasonable to assume that it has been too low at other times. One can assume some sort of regression about the mean as information becomes more available. (I understand that the Elliot Wave Theory works something like this, using numerical models).

Anyway, let's see where Robin takes this.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News