Q: Does your analysis predict, as well as it can, that FR is a good investment for the next 10 years?
Thanks,
Joseph
Thanks,
Joseph
5i Research Answer:
Ten years is an extremely long time period to predict. Note also FR has changed its symbol to AG. Essentially, performance is going to be highly dependent on silver prices. We think the outlook is solid, but the sector is highly volatile. If we look at the past decade, AG was $5.85 exactly ten years ago, and is $8.92 now. Not exactly a huge return. But, it hit $21/share three years ago. We would predict more of the same with perhaps a bit better net return. A highly volatile share price, but ultimately still decenly higher over a ten year period.