TSXV:FCO.H - Post by User
Post by
BearBull007on May 26, 2021 4:57pm
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Post# 33272427
Copper not yet factored into the share price
Copper not yet factored into the share priceHad some technical difficulties posting so I’m reposting this.
The copper which Peter speaks about in his videos are historical estimates which have not been verified as a current mineral resources or reserves under NI 43-101. They should factor into the share price once drilling starts and the estimates can be verified as current………..although I should add that there are stocks whose share price has increased significantly based on historical estimates alone.
https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00036883&issuerType=03&projectNo=02820733&docId=4385836 PG.55:
The reserve estimates prepared for the Eagle and Magnum Vein deposits are considered relevant, but they are historical, do not meet NI 43-101 standards, and therefore should not be relied upon. The writer has not verified the reserve calculations or the assay results supporting them, and is not treating the historical estimates as current mineral resources or mineral reserves.
While mineralization found in the Eagle and Magnum Vein deposits is not necessarily indicative of mineralization on either the Neil or Toro Properties, similarities in lithological type, age, formation, grade, and structure demonstrate exploration potential on the Muskwa Project. https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00036883&issuerType=03&projectNo=02952926&docId=4575605 PG.vii:
While the estimates presented for the Davis-Keays (MacDonald 1970) and Churchill (Carr 1972) deposits are considered relevant, they are historical, do not meet NI 43-101 standards or use current CIM terminology, and therefore are not reliable and should not be relied upon.
The writer has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, nor is Fabled treating the historical estimates as current mineral resources or mineral reserves.