TSXV:FCO.H - Post by User
Comment by
soultraveleron Sep 23, 2009 11:08pm
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Post# 16333713
Action Mode - FCO
Action Mode - FCOCar: Thanks for your post.
Seems like something should happen within the next 60 days. I have held this stock for years so 2 more months is tolerable. I agree that news could happen any day. They got Grandich back on board for some reason - and they would not need him if there was no news expected. Grandich is back on board in my opinion to communicate progress toward production, i.e., walls are up; crusher tested; employees hired, etc. I believe financing is available however its a matter of not selling your soul to get it.
I can't think of too many mining operations that offer as much potential as FCO. Permits and access in place, and much of the building components ready to assemble. Also the Sunshine operation in the same state as the mine. GMO is selling for $3.35 a share and they don't have their permits and production is not expected until about 2012.
I remember last year people were pouring money into an iron ore play near the north pole. There were no permits or even access to the iron or site. Also, people poured money into the "rim of fire" discovery in Canada last year, and that had no permits or access. So here is FCO with substantially all of their permits, access to the mine, a refinery in the same State as the mine, and not too many shares outstanding - all for $0.28 a share US for the only high purity cobalt operation in the western hemisphere.
just one person's opinion. Do your own due dilligence.
soultraveler