FTCO - Accumulate Fortitude Stock Before Company Releases Additional Gold Reserves
- Fortitude's management is executing on its strategy to attract dividend investors outside gold mining sector.
- Fortitude's stock has risen 200% over the first 6 months of trading, while GDXJ index of gold miners has moved lower.
- Dividend payout ability is exceptionally strong as the company increased cash treasury to $41 million with zero long term debt. Free cash flow yield is 20.6% - triple the average gold miner.
- The company is preparing a resource at Scarlet & Golden Mile deposits. A maiden resource announcement should propel the stock price higher as gold production lifespan will be extended many more years.
- Additional gold has been discovered and lab tests have confirmed heap leach recovery levels at 85-87%. The company is performing additional drilling to pull in "more" gold into initial resource.
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Accumulate Fortitude Stock Before Company Releases Additional Gold Reserves