TSXV:FCO.H - Post by User
Post by
pcnisbeton Jul 06, 2005 2:29am
301 Views
Post# 9245065
wolstencroft
wolstencroftI am not sure how if you have held the stock for two years you are selling at a lose. FCO did not trade above twenty cents a share on a consistant basis until November of 2003.
In your other analysis, not bad, if they had no other potential resources on the property, your NPV analysis on the intial reserve in the RAM zone orebody would be a good intial indication of the potential they have. However, there are other ore bodies on the property, many that have been drilled to at least resource level. Those bodies of ore should add to the upside over the long run.
You might also add the other properties that FCO has into the equation.
So you are thinking its an $0.80 stock or might be as low as half that if excessive delays occur. Add additional ore and U3O8 and silver plays they have? That should give them some upside.