Freegold Ventures Daily Linear ChartIcarus flew high... now in purgatory since these summer highs. Coiling... forgotten. Lucky we are in a precious metals bull market, this bird might get to fly once again!
FVL trade ideas
Icarus has landed safely! Freegold Venture's multi month correction could be ending in a couple of days! WHat sticks out is the volume defined base... where nobody wanted this stock. Then it just exploded up in a vacuum. Look for these types of setup in a precious metals bull era to increase your chance of hitting a firecracker! Enjoy! $fvl #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
FVL.TO -- Oversold despite good drilling results; Likely bounceFVL.TO reported good but not spectacular stepout results and was the target of a short attack. Oversold on the Daily. Very good chance of a bounce. The company is cashed up and continues drilling. Has previously reported spectacular gold intercepts which set unrealistic expectations for some investors, it seems, not understanding what step outs are designed for. Billionaire Eric Sprott is heavily invested in this one. Favourable macro with Gold gaining ground in recent days.
Notes FreeGold Ventures FVL
Exploring for gold and copper near Fairbanks, Alaska. FVL completed a preliminary economic assessment in Jan of 2016.
With data provided from PEA(done with a $1,300oz):
-24 year mine life
-peak annual production of 158,000 ounces
-total production 2,310,000
Quick Rough Math
2,310,000 x $1,700 = $3,927,000,000
I WOULD THINK SOMEONE WOULD MINE THIS FOR POSSIBLY 4 BILLION DOLLARS.
LINK:
www.freegoldventures.com
Cheers.
Not trading advice.
