A person who knows a lot about minerals said that a company called Exploration Co. is doing a good job with its project to find gold. They found out that there is a lot of gold between 1,000 and 1,600 meters above sea level. Another big company, Newmont Corp., wants to build a road near their land, which will help them save money by not having to rent horses. The third project in Argentina is also very interesting for the Exploration Co. Read from source...
- The article title is misleading and sensationalized. It implies that a single expert has endorsed the gold project, while in reality, it could mean any member of the company or its affiliates, without providing any credible sources or evidence.
- This creates a false impression of authority and certainty, which may influence investor sentiment and decision-making unfairly. A more accurate title would be "Exploration Co.'s Gold Project: Insights from Company Representatives" or something similar.
Given the information provided in the article, it seems that Fitzroy Minerals (OTC:FTZFF) is a company with three promising gold projects: Caballos, Tacotal and Taquetren. The expert quoted in the article mentions some positive aspects of each project, such as:
- The Caballos project has high potential for gold mineralization between 1,000 and 1,600 meters ASL, based on geophysical anomalies and previous drilling results.
- Newmont Corp., a multinational gold mining giant, is interested in the area and plans to build a service road that would reduce costs for Fitzroy Minerals by allowing them to avoid renting horses and horse handlers. This could delay the drill program to September or later, but it also indicates strong support from a major player in the industry.
- The Taquetren project, located in Patagonia, Argentina, is the immediate focus of the FTZ management team and has some unspecified positive features that make it very interesting for gold exploration.
Based on these factors, I would recommend investing in Fitzroy Minerals (OTC:FTZFF) as a speculative play on the gold sector, with the following caveats:
- The stock is traded over-the-counter in the US, which means it may have lower liquidity and wider spreads than a listed exchange. This could make it more volatile and harder to exit positions at desired prices. Investors should be prepared for this risk and monitor the trading volume and bid-ask spread of the stock before entering a position.
- The projects are still in early stages of exploration and development, which means there is a high degree of uncertainty and risk involved. The company has not yet proven the economic viability or size of any of its gold deposits, and further drilling results may affect the valuation and outlook of the stock. Investors should be aware that this is a speculative investment and not a guaranteed source of income or capital preservation.
- The company has not yet filed its financial statements for 2020 or issued any updates on its operational or financial performance, which makes it difficult to assess its current financials and cash position. Investors should be cautious about the lack of transparency and seek additional information from other sources, such as the company's website, press releases, or regulatory filings.