TSXV:FCO.H - Post by User
Comment by
bigfish54on Dec 13, 2017 9:27pm
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Post# 27152750
RE:RE:RE:Deja vu
RE:RE:RE:Deja vuConcentration of Co at the NICO is 0.11%, which is lower than the ICP (which is unusually high) but similar to other properties. And CAPEX estimates for NICO are currently relatively high. On the other hand, the gold content is over 1.1 mil oz, such that the cost of production of Co is actually negative. Also I won’t be surprised that Fortune is getting the same advice as ECS regarding the product form of Co: ie; ship an unpurified concentrate direct to a volume refiner with attendant CAPEX savings. IMO FT is the next best investment opportunity after ECS but without yet having had a significant SP run-up.