FRI $FRI
The Olga target is the standout in Freeport Resources Star Mountains Project
- contains 210 million tonnes grading 0.4% copper and 0.4 g/t gold. This works out to 2.9 million ounces of contained gold and 1.9 billion pounds (840,000 tonnes) of contained copper.
The project is located in Papua New Guinea, host to some of the world’s largest gold and copper deposits
Copper is trading closer to $5 lb range , up from 3.5 lb at the start of this year.
With 4.5 million ounces of Au and 1.2 million tonnes of Cu at a 0.2% Cu cutoff and historic intercepts like 596 meters @ 0.61% Cu & 0.85 g/t Au, FRI is a buy here according to this article. Looks good imo. What do you think?
full analysis
https://equity.guru/2021/05/17/a-guru-clientco-roundup-delta-dlta-v-freeport-fri-v-and-nomad-nsr-t/
FRI at $0.23 , MC $17.39 M