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Foran Mining Corp FMCXF


Primary Symbol: T.FOM

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 Nov 16, 2021 4:59pm
298 Views
Post# 34133812

RE:Potential Resource Increase is another 50-100%

RE:Potential Resource Increase is another 50-100%If a company wants to aquire foran they will have to pay up. With the cash and clout that they have they are in a position of strength with any potential suitors. They can debt finance the bulk of the Macilvenna Bay mine construction on their own.  A few months ago  on a webcast Dan Mayerson came up with a conservative estimate of annual EBITDA of $333M and $2.17B NPV just for Macivenna Bay assuming a reserve mine life of 15 years (which is lkely going to be much higher). With bigstone and other properties they own, there's so much room for growth. I for one am going to stay until the very end for this story to play out. ""Be right and sit tight" 
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