Felix Gold (FXG)
Thanks for all daily reports. I would like to know your view on Felix Gold (FXG), especially with changing geopolitical views.
The Latest Q&A
Answer
Hi Xander,
This $53mn junior gold company with assets in Alaska has been listed for just over two years and as such is a new stock to the MM report. i.e. we don’t know it well so we’re not in a great position to add a lot of value. For the fiscal year ending June 30, 2024, the company reported a net loss of approximately $1.56 million, not bad for this stage of its life.
The stock is volatile, as is common for such small miners, and after surging ~7x over the last year the risk/reward isn’t exciting, especially with gold stretching towards our $US3,000 target area.
