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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

Comment by nodice7777on Jun 07, 2021 3:11pm
341 Views
Post# 33341827

RE:RE:Royalties

RE:RE:RoyaltiesMCbay's stated economics will be greatly improved with the current drill program but one thing that the market is probably not  giviing much value to is the Bigstone property. In 2015 they drilled 100M of 2% copper and 50M  at 2.5% copper.  Yes, it's only a couple of holes but those are massive grades and you will have a very hard time finding better drill holes ANYWHERE.  Foran truley has blue sky potential and unlike a lot of other juniors, given the $100M financing with Fairfax, they have the money and backing to convert potential into reallity. It will be interesting to see how the stock trades for the remainder of the year. Hopefully in can consolidate above $2 in the near term. So long as copper/zinc prices don''t fall off a cliff I would expect this to happen. I personally am going to keep all my remaining shares for years to see how this plays out. I will not want to kick myself for missing out on what has all the makings of a $10+ stock price. 
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