Great days ahead here! $5.00 this year! British Columbia-focused Freeport Resources has a diverse array of assets, including the past-producing Red Rose tungsten-gold-copper mine, the Spanish Mountain gold project and the Q fluorspar property.
Last week, Freeport signed a letter of intentwith Quidum Resources under which the companies will evaluate the idea of Freeport acquiring Quidum. Privately owned Quidum has the right to acquire Highlands Pacific Resources, which owns the Star Mountains property in Papau New Guinea. Quidum has agreed to an exclusivity period that will last until August 31.
Freeport’s share price went up by 86.11 percent last week to reach C$0.67.