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Freeport Resources Inc V.FRI

Alternate Symbol(s):  FEERF

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.


TSXV:FRI - Post by User

Comment by Quintillaon Sep 28, 2024 4:51am
77 Views
Post# 36245130

RE:RE:Freeport Closes Private Placement

RE:RE:Freeport Closes Private PlacementMgmt is great a raising money, but not so great on saying what they're doing with it.  I'm a bit disappointed TBH.  A copper porphyry in elephant country sounds appetizing but a few hundred K expenditures in a whole year, with the amount of $ raised, just does not make sense.  Where is all that money going?
If mgmt cared at all about the market and the shareholders, they would be posting press releases galore about what they are doing, like all the other companies out there.  My impression is they have a great source for funding but what does it mean if there is no news, ever.

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