That should be no problem. On the C.C. I heard O'Brien forecast record revs. this year. So the big question is do we better the 7.7.11 price of $3.39/share? I think that's a decent prospect, unless the SM crashes first.
Gold will be north of $1400 by E.O.M.
April 15, 2015 at 2:33 pm
POG UPDATE CLOSE OF MARKET NY
WE ARE NOW IN minor wave3 of WAVE 3 CONFIRMED
SEE CHART BELOW PIVOT POINT CONFIRMED
ABSOLUTE CONFIRMATION THAT WE ARE STARTING TO THE UPSIDE TARGETS OF
1239,1299 AND 1400+
Actually there are no safety issues at all. Lake Mead (247 sq. miles of water surface) has been considering using WaterSavr for over a year. The product wouldn't be under serious consideration if there was even a remote chance of any safety issues - Mead is the source of drinking water for Vegas! If that ever happened EPS for FSI would be a multiple of its present stock price. My only concern with the stock is the greed of the CEO, Dan O'Brien. He made $millions from selling stock in the $4-$6 range in 2005/6 that he had originally acquired for a pittance. Now that the stock is so low he has enriched himself by awarding himself a salary of over $400,000 a year. Since he made so much money selling the stock when it was 4-5 times higher than today's price why isn't he buying it back at these depressed levels? That's what you would expect to see - if he really believes the company has a future. Dan O'Brien last traded the stock in 2006, he was a seller then as he was in 2005, and 2004. Mr O'Brien has 100% sells and 0% buys + $400,000/yr for milking FSI.
In other exploration, Novo drilled a deep stratigraphic hole located 4 km southwest of the current resource to test the lateral and vertical extent of the system. The hole intercepted four reefs at around 500 metres depth containing 0.38 to 0.5 gram gold per tonne over lengths ranging from 0.47 to 1.54 metres. Hennigh always had his suspicions that the intercepts represents the distal portions of the erosional scarp.
“It’s not very far before you go from big conglomerates to finer-sediments, so there must’ve been a pretty sharp gradient relief on the basin as it was forming,” he said. “But it’s just one hole, so even if it’s just a few sniffs it’s still highly encouraging.”
The gold is interpreted to have eroded from mesothermal, lode-gold deposits that are commonly found in the older parts of the regional stratigraphy. The nearest deposit to Beatons Creek is Millennium Minerals’ Nullagine gold project, with total resources of 1.2 million oz. gold.
- See more at: http://www.northernminer.com/news/golden-payoff-in-the-pilbara-for-novo-resources/1003506204/?&er=NA#sthash.PBg5Vbtq.dpuf