Tom Szabo

Making Sense of Fortuna Silver's Recent PPS Action

Otto, could it be that the cheap ($7 million in stock) buyout of 24% of the JV partner on the San Jose project has confirmed the low market value being placed on the project? It may be a good deal, but one could also look at it as management shooting themselves in the foot. Besides that, now Fortuna will need to pay the other 24% of exploration and development expenses.