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Falco Resources Ltd V.FPC

Alternate Symbol(s):  FPRGF

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.


TSXV:FPC - Post by User

Bullboard Posts
Comment by norbu1on Mar 05, 2014 8:35am
359 Views
Post# 22281767

RE:RE:New Horne 5 video and 43-101

RE:RE:New Horne 5 video and 43-101First, let me say that I am an FPC holder and have/had great expectations of this stock. Regarding the info released, I too agree that it was surprising that they would release inferred info and not indicated. The market's reaction is quite natural, based on the info released. I can think of a reason why FPC did this, and I have no way of knowing if this is so: their first step is to raise awareness of the story (and they did get a lot of free advertising in the form of news stories) and then they will hit the home run with news of indicated resources. Getting the word out fast may have been a strategy to raise share price in the face of a buy out/merger. So, in a 52 week period, they succeeded, moving from 0.17 to .87 and now settling at .68. As of yesterday, the Bollinger Bands (based on a 52 week period, ending yesterday) indicate the s/p could fluctuate between 0.46 to 0.86. So, it depends on what your risk tolerance is. This makes sense, with .68 being smack in the middle. Good news is that the Williams %R is -.65 which means that FPC is heading over sold (-.80 to -1.00 indicate oversold). My interpretation is that yesterday's sell off could have been a bit overdone and indicative of panic selling. The weak hands got out, so to speak. In looking at the story, the critical part of the story is if gold can be produced at economic levels. As well, FPC needs to prove up their reserves. I would prefer it if FPC proved the approximately 2.0 million ounces they have and then do further exploration/proving of inferred. They need a core holding to attract shareholders and take over companies. I do agree, if they "cry wolf" too often, with out proven results, they will lose credibility and look like any other junior trying to suck in investors' money. so, in conclusion, I am holding my shares, but not buying any more and maybe sell some if they start to look like BRE-X clones. Not likely though, given Noranda's past production there. So, FPC, if you are listening, your NEXT news release is going to send the stock price up, or down, so make it a good one. Holding a fair number of shares, and thinking that this could be a 5 bagger still.
Bullboard Posts