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Bullboard - Stock Discussion Forum 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... see more

TSX:FOM - Post Discussion

Foran Mining Corp > Its a shame
View:
Post by starboy101 on Nov 10, 2021 10:36pm

Its a shame

This company has been one of the best performing stocks on the Venturr Index if not THE best over the last year. But seems to almost go almost unnoticed. Here you have a company where Prem Watsu (Canada's Warren Buffett) has sunk $100 million into which speaks volumes.

I can tell you this, its been very good to me and made me a small fortune. It took a few years and a lot of patience for it to actually perform. But I knew from the first tranch I bought at $0.14  and a average cost base of $0.23 that this would be a mine one day. When Glencore became involved I knew the game was on.

Stock is breaking out, $3.50 is the next stop, if you don't already own it I would do something about that.
Comment by nodice7777 on Nov 10, 2021 11:07pm
You must be me from a parallel universe lol. I'm in the same boat as you and been thinking the same thoughts. Dan Myerson did a webinar in August and gave out some nice nuggets of info including a conservative expected cash flow and NPV of Macilvena Bay. As a junior they have it all - great project, jurisdiction, land package, infrastructure, cash and people with skin in the game, deep pockets ...more  
Comment by starboy101 on Nov 11, 2021 3:47pm
Ya I think Glencore could end up with the entire company in the end they are a very smart company bit of a shady past but very good at what they do. Your points are all correct jurisdiction is very important and they couldn't be in a better place in Canada and probably only behind Nevada as far as North America goes. As you know this is a VMS my favourite type of deposits and with VMS ...more  
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