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Foran Mining Corp T.FOM

Alternate Symbol(s):  FMCXF

Foran Mining Corporation is a Canada-based copper-zinc-gold-silver exploration and development company. The Company's high-priority properties include the McIlvenna Bay Property, which contains the McIlvenna Bay Deposit and the Tesla Zone, and three adjacent properties - Hanson, Balsam and Bigstone, all of which occur at the western limit of the Flin Flon Greenstone Belt. The Company, through its wholly owned subsidiary McIlvenna Bay Operating Ltd., has a 100% interest in the McIlvenna Bay Property, which consists of over 44 claims covering a total of 29,418 hectares (ha) and is located in east central Saskatchewan. It holds a 100% interest in the Bigstone property, which consists of around 22 claims totaling 24,578 ha and is located 85 km west of Flin Flon, Manitoba. It holds approximately seven properties comprising a total of 92 mining claims covering 103,336 ha and also holds the Denare West property title in trust, which consists of 10 mining claims and covers over 21,066 ha.


TSX:FOM - Post by User

Bullboard Posts
Post by Russ49on Nov 07, 2013 1:57pm
409 Views
Post# 21885724

FOM surprises many

FOM surprises manyWell FOM has made a very nice move in the last couple weeks,I'm not really sure as to -why- but if you really think about it  HBM are scrambling trying to find an economical orebody near Flin Flon and to date have come up with zero for thier efforts, Mac. bay is only a short distance away, much  lower grade than Reed or Lalor but yet high enough grade and  the tonnage is thier to keep Flin Flon  mill going. My opinion only but I think  HBM will be  negotiating  with FOM in the near future or maybe they already are. This also could be  the reason the little bump upward in price , maybe a few others are thinking the same, at .24 is  still a steal at this time if this ever  comes about. Like I said JMO.
Bullboard Posts