Developing Bellechasse-­Timmins Gold Deposit

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Message: Re: Fire River Gold
5
Oct 09, 2010 02:18PM

Fire River has a share float of 59M shares, about half our share float. Many investors make the mistake of comparing share price. This is a big mistake and can give you very skewed assessments in your DD. You need to consider market cap which is your share price times the share float. In the case of FAU, they have a MC of roughly 30M vs about 60M for us. So even thought the share prices are close, the MC are very different. However, I do agree with the rest of your post.

G.

1
Oct 09, 2010 05:45PM
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