Pan Mine, Nevada
Fiore Gold (F.V) has progressed its Pan Mine in Nevada, US in a very steady fashion, on time and on budget. Exploration for additional resources (and hopefully years of mine life as well) has been successful so far, and a new COO has been hired. Recently, the latest financials regarding the first quarter of the new year were released, which are always an interesting reference of the state of a company, especially with producers. Therefore it was time to have a closer look at Fiore Gold, Frank Giustra's baby. Besides an update on proceedings, the other purpose of this article will be the outlining of future cash flow and valuation potential, as I view Fiore Gold as misunderstood by the markets at the moment.
All presented tables are my own material, unless stated otherwise.