How can you tell when a junior company is for real ? When they have a concrete discovery.
After that it's all about the development costs subtracted by the net worth of the deposit divided
by the number of shares outstanding. The only thing that changes is the price of the underlying
deposit as time moves along. Supply and demand and bingo, you have your market. With FMS
the interesting fact is the way they are putting this deal together, integrating a multi - tier company.
Will be very clear by this time next year. Lot of eyes on this gem as you can see by the daily volume.
We have some tax loss selling which should clear up by the end of next week and hey, can't blame them.
Happy Holiday's to all and see ya next year.