Falco Resources Ltd V.FPC

Alternate Symbol(s): FPRGF

Metals & Mining Industrial Metals & Minerals

Falco Resources Ltd. is a Canada-based company, which is engaged in exploring, evaluating, and developing its mineral properties in the Rouyn-Noranda district of the Province of Quebec for base and precious metals. It is mineral claim holder in the Province of Quebec, with a land holdings in the Abitibi Greenstone Belt. It owns approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes 13 former gold and base metal mine sites. Its principal asset is the Falco Horne 5 Project, which is located beneath the Horne copper smelter, operated by Glencore, in Rouyn-Noranda, below the old Horne Mine. It treats both copper concentrates and precious metal-bearing recyclable materials as its feedstock to produce 99.1% copper anodes. The gold-rich polymetallic sulfide mineralization at the Horne 5 deposit forms a large subvertical tabular body that measures close to two km in length, 500 to 850 m across and between 20 to 130 m in thickness.

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Falco Resources Ltd

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Comment by Saulion Mar 04, 2014 2:10pm

348 Views

Post# 22278950

RE:RE:RE:Bad news?

Proven reserves and the ore grade will determine the mine viabilty.
With most infrastructure in place the operational costs per ton will be lower.

Some open pit mines are running at $40 - $50 per ton just in overhead costs.
Horne 5's gross cut-off is $80 per ton in ore value, definitely not much left in profit.
A profitable underground start-up should be recovering at least $500 per ton @ 4,000 TPD. imo

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