$FRI Breakdown $FRI $FRI.v having a tough day in the red, but I am still bullish on their Yandera Copper Project, which they own 100% of.
The project underwent a pre-feasibility study, completed by the Worley Parsons Group in November 2017, that
- Indicated Measured & Indicated Resources of 727 million tonnes grading 0.39% copper equivalent
- Inferred Resources of 231 million tonnes grading 0.32% copper equivalent.
With already 2 projects that have combined resources that exceed 7 million ounces of gold equivalent or 3 millions pounds of copper equivalent, $FRI is extremely undervalued in my book. Great time to buy IMO.
https://www.freeportresources.com/yandera