FVI's San Jose Mine

Resource Opportunities (06/25/2010)
"Fortuna is proceeding with development of the San Jose gold mine in Mexico. The company currently has a strong cash position with $70M in the bank, a $20M line of credit and positive cash flow from Peru. The projected cost to develop San Jose is about $50M. A little geological interpretation makes it clear that the mine life will be much greater than shown in the published projections. With one mine operating profitably and another one under development, Fortuna offers. . .considerable scope for upside potential as the second mine advances toward production."

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