Gold stocks’ latest upleg is their sixth of this secular gold bull born back in mid-December 2015. Since GDX’s latest major interim low in late September, this leading sector ETF has rallied 41.4%...
With phase-one now complete, the Company is now focused on phase-two mining with access to the mine's high-grade Pearl zone over the next three years (estimated at 3.75 grams per tonne gold).
The gold miners’ stocks have powered higher lately, enjoying mounting upleg gains. Their nice surge paralleled gold’s own, but they’ve increasingly outperformed in recent weeks.
“The integration of our Nevada assets continues Calibre’s journey of creating shareholder value as the Company solidifies its position as a diversified, Americas focused, growing, mid-tier gold producer."
The biggest factor that will benefit FSM’s stock price going forward, and which the market fails to “see” is the upside potential of FSM’s existing mine properties and, even more so..
The mid-tier and junior gold stocks still have lots of catch-up rallying left to do, both to reflect their superior fundamentals and this mounting gold upleg.
