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Bullboard - Stock Discussion Forum Fireweed Metals Corp V.FWZ

Alternate Symbol(s):  FWEDF

Fireweed Metals Corp. is a Canada-based mining exploration company. The Company is engaged in the acquisition and exploration of mineral assets. The Company operates three projects located in northern Canada, namely Macpass Zinc-Lead-Silver Project, Mactung Tungsten Project, and Gayna River Zinc-Gallium-Germanium Project. The Company owns 100% of the district-scale 940 square kilometer (km2... see more

TSXV:FWZ - Post Discussion

Fireweed Metals Corp > Counting Inferred & Indicated
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Post by argaiv on May 02, 2021 1:50am

Counting Inferred & Indicated

We have 50 million tons at roughly 10% zinc.  So we have about 5 million tons of zinc equivalent total which comes out to 10 billion pounds of zinc equivalent if my math is correct.  We have about a $37 million US market cap at this time.  This comes out to about 270lbs of zinc equivalent for each dollar of market capitalization.  Excuse any math errors if I made any.  This seems like a pretty good risk/reward play.
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