Steve and All........
I have been an investor in Fairmile now for almost 2 years. I acquired
a substantial position at the $3.00 plus area but, over the past 6 months I have averaged my cost down to about 58 cents. That's quite a large acquisition of stock. The reason I bring this up is that,
I have done a very lenghty amount of due diligence research on the
whole Fairmile project and have come to the conclusion that the only reasons for Fairmile's miserable stock price right now is the following....
1. Most importantly...the price of gold is at 12+ year lows.
2. The Bre-X factor certainly negatively affected all resource
company stock prices.
3. Fairmile's previous promotors and to a lesser extent the former
management really put the screws to us stockholders.
4. The way Fairmile's PR was handled before was disgusting.
It is better to say nothing at all, than to promise something and
then not deliver. eg. timely promised news releases
Special Note!!! I have to compliment you Steve and Tom Kelly,
maybe things are getting better with the superb response to my question recently. These types of honest and specific responses from
you, the new PR and Mr. Joe Kizis will certainly improve the realations with us loyal and supporting stockholders. Not saying of course the potential for renewed respect in the investment community.
Best Regards,
Saul
P.S. My 2 cents......with the present situation in the world's stock
and currency markets being very precarious I certainly feel that the
end of this long bear market in gold is around the corner. This may take a few days or a few months to unwind but,once the new bull
market in gold takes off, there will be no second chance to get on board without -paying a large premium for the opportunity.
Fairmile's future with the price of gold sky rocketing is assured and
if Fairmile has not completely tested even 10% of the shallow potential areas and we have 700k ounces of resource I just wonder what we still might find out? (Including the promising new property)
As far as Echo Bay is concerned, I really don't care and the reason being is that if they don't want Buffalo Valley, I am sure, once gold does move, Fairmile will be able to find other sutors and at a much higher price. In other words, Echo Bay would be fools not to acquire the Buffalo Valley since, they are already next door and being
a large gold mining company I am certain they know what the gold markets are doing and they will surely take advantage of all
opportunities.( I just hope we don't give it to them too cheaply) |
