Freeport Resources Inc V.FRI

Alternate Symbol(s): FEERF

Metals & Mining Industrial Metals & Minerals

Freeport Resources Inc. is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Company owns 100% of the Yandera project. The Yandera project is one of the largest undeveloped copper-gold deposits, covering approximately 245.5 square kilometers. The Yandera Copper Project is located in the highly prolific PNG Orogenic Belt, the same geological arc as some of the world’s largest deposits, including Grasberg, Frieda River, Porgera, Lihir, Wafi-Golpu and Kainantu. The Company's subsidiaries include Quidum Resources Inc., Highlands Pacific Resources Ltd., Carpo Resources Inc., Era Resources Inc., Marengo Mining (Australia) Pty Limited, Yandera Mining Company Limited and Yandera Mining Company (Holdings) Pty Limited.

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Freeport Resources Inc

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Post by StockHawk1on Oct 15, 2021 4:38pm

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Post# 34012008

Why you should buy FRI on the dip

Freeport Resources ($FRI $FRI.v) had a 6% dip today so I thought I would share some of my DD and why generally it is a good time to buy in while they are low.

$FRI is a junior mining company, focused on the development of their main asset, the Yandera copper project as well as their Star Mountains copper and gold project

The two projects are both located in New Guinea, within the Orogenic Belt.

Copper demand is expected to grow more than it ever has before in this decade and these projects combined are expected to exceed 10B pounds of copper equivalent.

Personally I think that $FRI's projects are very promising and the stock is extra attractive at its current price of $0.145

I would highly recommend doing your own research on these projects, especially Yandere, and this video which explains the Yandera Mine-Plan is a great place to start: