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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
Post by marketsenseon Jul 14, 2018 6:37pm
249 Views
Post# 28317030

Given up

Given upI had hopes for this company but as many others have,  got disillusioned with them and sold
out around the $! mark.  The pace of developement has been excruciatingly slow and of course
in the mining game,  you usually only have a window so long to get off your butt and move your
project into production.  Now with such foot draggging,  the dynamics of the world has taken a
nasty turn for the worst and thanks to Trump has become very unfavourable for all commodiites
including the PM's.  Interest rates are on the rise and who knows how long before the cycle turns positive again.   They are not the only ones to get caught but from past experience,  its very
tough to hold when the cycle turns negative.  Non producers always get hurt the most and I'm
glad I sold when I did.  I still hold a few other names but they at least are producers so have
retained more value and will bounce back quickly as they can finance their expansions and 
are operating way under the cost of production.  GLTA for those still holding.

Bullboard Posts