Bullboard - Stock Discussion Forum Foran Mining Corp T.FOM

Alternate Symbol(s): FMCXF

Metals & Mining Industrial Metals & Minerals

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

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Foran Mining Corp > Potential Resource Increase is another 50-100%

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Post by long342 on Nov 16, 2021 3:28pm

Potential Resource Increase is another 50-100%

Come spring they will have been taken over. New company wants to control the resource drilling and increase the total reasource in order to dilute their takeover cost. :). ......thanks for the tip HAL and say hello to Dave.

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Comment by nodice7777 on Nov 16, 2021 4:59pm

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 ...more

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