valuationAccording to TheRock17:
"The average for these grades is $550 US/ton, simply superb true intercepts.
More signifcantly, these drill holes expand and confirm previously reported results from core drilling (see News Release of June 12, 2006).
Mineralization has now been confirmed with strike length of more than 145m, with a width of 67m and a possible vertical interval of 31.5m.
At a SG of 3.5 tons/cu m, this mineralized zone contains in excess of 1 million tons of high grade ore."
1 m tons of high grade ore at average $500 per ton. Just for starting. Do the math.
"Further, surface mapping identified similar skarn/hornfels over approximately 1 km strike length, 300m width and 50m vertical extent with anomalous rock and soil sample. This is a potential tonnage of over 50 million tons of high grade ore. If they can prove up just 2-3 million tons at these grades, we will have a very solid commerical deposit of very high grade polymetallic ore."
So, potentially we have another 50M tons of ore, grades unknown at this time.
Also, back in June 2006, the NR said
"This "scout drilling" program demonstrates the presence of widespread disseminated Zn mineralization between 0.3 and 2% Zn, plus high grade "manto" zones containing up to a maximum of 1235 grams per tonne silver (~39 ounces per tonne silver), 26% lead, 17.9% zinc. This "manto" zone typically contains approximately 5-10% Zn, 5-10% Pb, 200-500 gpt Ag over significant intervals distributed over a large area. A zone of mineralization containing 1.36% Cu, 1.57% Zn, 73 gpt Ag was also drilled. Geological mapping shows that these skarns continue for at least 1 kilometer length, 300 meters width and a minimum thickness of 50 meters. It is likely that this skarn is larger than this and continues underneath pediment cover."
A map of Zn locations can be found at
https://www.colibriresourcecorp.com/s/Ramard.asp
FD shares only about 29M, assuming everything, the market cap is $16.2M CAD, and the high grade ore has value around $500M (for 1 M tons) in ground with 50M tons coming, and the other two properties.