Hurry and put FBEC on your radar because this stock could be about to move higher. Recent press tells us that the company is making moves and we could see some big developments coming soon.
I can see that you took quite some risk bet on precious metal, so you it is bottomed already?
why they didn't file SEC quarterly report, how can I see their previous quarter report?
I agree - what target 'dip' price do you recommend ?
I'm making another spreadsheet to compare these PM companies. AISC is of key importance, as it is key to survival until the bull market finally arrives. But also annual oz produced could affect long term upside potential when the Bull get here. Also - some PM producers temporarily focus on their highest grade deposits - or process ore reserves - both of which lower the AISC. And that's good for short survival but doesn't guarantee a long term low ASIC. If they can't maintain those practices until the bull arrives then their AISC and the Spot may cross again - in a bad way.
. . . and I'm just a little annoyed that I missed this little gem before the price spiked :)
I'll add one other thing: I bought when I did because I concluded that there's a reasonable chance that precious metals made their lows. I also bought a gold miner at the same time I bought TAHO, which has been on my radar for years.. Am I 100% sure that precious metals have made their bottom? No. That's why I invested 2/3 of the money I have allotted to precious metals miners. I have kept 1/3 of such money in the Dollar etf, UUP. I intend to add to UUP until I am 100% certain that the bottom was hit this week. I intend to use most of the remaining money to buy another silver miner since I expect silver to outperform gold, at least initially.It's possible that I might use the remaining money to add to my TAHO holding.
It's relatively inexpensive from a P/B and forward PE perspective, especially cpmpared to peers. When I bought, it was down 66% from its 52-week high. It has outperformed most silver miners over the long-term. It's balance sheet is in good shape, showing very little debt. I like the very nice dividend it provides every month. It's a cash machine, thus the dividend looks to be secure. It has diversified into gold.with its Peru project. which will produce 90,000 ounces annually at costs that are now about half the current price of gold. It's a well-managed company being tight with spending.