21:33:56 EDT Thu 28 Mar 2024
Enter Symbol
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Falco Resources Ltd
Symbol FPC
Shares Issued 94,170,857
Close 2015-02-23 C$ 0.69
Market Cap C$ 64,977,891
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Taylor says buy Falco Resources

2015-02-23 19:55 ET - In the News

Jay Taylor, in the Feb. 13, 2015, edition of Gold, Energy & Tech Stocks, says buy Falco Resources Ltd., recently 60 cents. This is the first time he has recommended the stock. Falco holds over a dozen properties in Rouyn Noranda, most notably the past-producing Horne mine, which has a current inferred resource of 2.8 million ounces of gold equivalent grading 3.41 grams per tonne. The deposit is open at depth and along strike, so Falco reckons that at least five million ounces will be outlined. It is working on a nine-hole drill program, as well as metallurgical testwork, to update the resource report. This program should be finished in the second half of 2015. Mr. Taylor likes Falco's main project and is very impressed with its board of directors. The chairman is Sean Roosen, who co-founded Osisko Mining and has been chairman and chief executive officer of Osisko Gold Royalties since mid-2014. The latter company recently acquired about 11 million shares of Falco. Mr. Taylor says Osisko's involvement should spur interest in Falco, as should this year's work at Horne, which will include silver assays that should boost the gold equivalent grades. All this should "set the stage for a very profitable ride for shareholders."

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