Q: Would love your analysis of this gold miner in the Yukon?
It has a very large Market cap and do you foresee the Coffee Gold Project coming into fruition?
Thanx as always
Gary
It has a very large Market cap and do you foresee the Coffee Gold Project coming into fruition?
Thanx as always
Gary
5i Research Answer:
As of the recent quarter, FMT has about $1.8 mln in cash and no debt but it is pre-revenue. They did raise $17.2 mln recently, releiving some of the liqudiity concerns here. The company burns about $1 mln a quarter in operating cash flow. In a strong metals environment, we think it will do fine but there remains some execution risks as they work to generating revenues. We tend to prefer names ith less speculative outlooks that are already generating revenues.