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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
Comment by Terrebonneon Mar 09, 2017 5:12pm
160 Views
Post# 25960182

RE:What's the rush

RE:What's the rushInsiders would exercise warrants early in order to provide the company with just enough cash to do a limited drilling program that would be expected to boost the SP. No point in doing a $3,000,000 to $5,000,000 PP that is dilutive at the current SP. Simply raise enough money to do strategic drilling, obtain attractive drill results, SP goes up, and only then do PP to raise meaningful dollars. I'm expecting the drill results to be seriously promoted in order to get the SP to a higher level for a decent PP. Hang on. This could be fun (and rewarding).
Bullboard Posts