This company is making a big turnaround by improving gold recoveries, and optimizing the mill in terms of tonnes processed per day with a view to ramping up production. So, with increased grades which are evident from this press release, combined with greatly improved recoveries and increased capacity and tonnes milled per day, I expect that cash flow will ramp up bigtime, and the average cost per ounce to decline. Therefore, with increased production, increased grade and recoveries, lower cash costs per ounce, and a much higher gold price in 2013, it is my opinion that Fire River Gold is going to show a handsome profit and the balance sheet of the company wiill be far stronger. At these prices, buying FAU is like taking candy from a baby. This is the kind of opportunity where early investors can yield significant capital appreciation.
Let the good times roll.
I will be averaging down on my cost based upon todays news, and holding this stock for longer term capital gains.