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Fire River Gold Corp.


G0ldfinger
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They have been advertised for on GSR by Chris Waltzeck. Doesn't mean much, but has anyone had a closer look at them?

 

I haven't had the time yet to look further into them to find out about their production costs. The resource itself is possibly OK.

 

http://www.firerivergold.com

 

Someone doesn't seem to happy with them:

 

http://firerivergold.blogspot.com/

 

No idea if this persons gripes hold any water but might be worth looking at to get an alternative opinion?

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They have been advertised for on GSR by Chris Waltzeck. Doesn't mean much, but has anyone had a closer look at them?

 

I haven't had the time yet to look further into them to find out about their production costs. The resource itself is possibly OK.

 

http://www.firerivergold.com

Be careful !

 

A geologist who knows the project told me:

"The gold may not be there."

 

These are narrow veins, that will be very hard to mine

-- --

 

FAU.v / Fire River Gold Corp. (TSXV) ... update

fau.gif

 

Sym : Company===== : $Price x Shares== = MkCapMn / BookValue

 

FAU : FireRiverGld : $0.470 x XX.xx Mn = $28.01 M / BV $0.31

PFN : Pac.N.WstCap : $0.130 x 67.64 Mn = $ 8.79 M / BV $0.19

ATV : AltoVentures : $0.050 x 120.4 Mn = $ 6.02 M / BV $0.06

 

Note: PFN owns 6.4mn - 9.x% of FAU's 72.8mn shs. ATV owns xx%..

 

Website :: http://www.firerivergold.com/s/Home.asp

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Be careful !

 

A geologist who knows the project told me:

"The gold may not be there."

 

These are narrow veins, that will be very hard to mine

Yes, I am careful when I have no idea what the cost of extracting the ounces is, even if the ounces are there.

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Yes, I am careful when I have no idea what the cost of extracting the ounces is, even if the ounces are there.

 

Yes i looked into them but found it a little too much risk considering even if the Gold is there.. can they get it out?

 

One company i am getting more an more excited about is Pinetree Capital (PNO.TO).

 

http://www.pinetreecapital.com/

 

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Yes i looked into them but found it a little too much risk considering even if the Gold is there.. can they get it out?

 

One company i am getting more an more excited about is Pinetree Capital (PNO.TO).

 

http://www.pinetreecapital.com/

Pinetree is one of my biggest holdings its had a good run recently but its still cheap as chips IMO.

 

Its a financial company that invests in explorers in the Precious metals, oil gas, potash, uranium, rare earths, base metals fields they lend money in return for warrants etc..

 

Great company that investors misunderstand still trading at less than book value.

 

PS ticker is PNP.TO

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Pinetree is one of my biggest holdings its had a good run recently but its still cheap as chips IMO.

 

Its a financial company that invests in explorers in the Precious metals, oil gas, potash, uranium, rare earths, base metals fields they lend money in return for warrants etc..

 

Great company that investors misunderstand still trading at less than book value.

Interesting. Could you explain their business model a little more? I mean, how much business are the warrants (are these plain stock options, or what are they) compared to plain ownership? I guess, my main question would be that if they're mostly operating like a fund, why should valuation be much different from NAV?

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Interesting. Could you explain their business model a little more? I mean, how much business are the warrants (are these plain stock options, or what are they) compared to plain ownership? I guess, my main question would be that if they're mostly operating like a fund, why should valuation be much different from NAV?

Some more info. on this thread should answer most questions.

 

BTW I already owned PNP before this thread but I added a bit more afterwards.

 

Still a fifth of its 2008 high!

 

PNP thead

 

Basically the company has warrants etc. in over 400 explorers the guy running it is well known and I haven't the time, inclination or industry experience to check out thousands of miners financially or geologically.

 

PS you can also buy warrants in Pinetree!

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