TSXV:FCO.H - Post by User
Comment by
OneEyeon Mar 21, 2000 7:49pm
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Post# 1622633
RE: braggs
RE: braggsFrom what I have been able to find out, the management is fairly well rounded. Dr. Miller was VP Exploration for both Newmont Mining and Noranda, he is a very well respected guy. Dan Kunz is COO of Ivanhoe Mining and past president of MK Gold and several junior companies - lots of finacial background and has raised lots of money over the years. Doug Glaspey is a metallurgist with many years of construction/production experience, and Nick Lynn owns Lyntek in Denver. Lyntek is a process engineering firm that designs mills, SX/EW plants etc. The last director is Paul Larkin who has primarily a financial/market oriented background.
According to the IC, the property has several hundred core holes that define an indicated resource of over 30 million pounds of cobalt. No mention of proven or probable.
The mine is a past producer of lead, copper, nickel and cobalt. We may have to get a new chat site started - so I better sign off. The old Blackbird mine (next to fco) was a copper-cobalt producer.
I think it will be good for fco if awarness of the cobalt situation is raised. Keeping in mind that there is no domistic cobalt production, there should be room for both.
good luck to all. USC traded at .95 today.