17:07:22 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 112,875,297
Close 2016-06-24 C$ 0.93
Market Cap C$ 104,974,026
Recent Sedar Documents

Taylor says buy Falco Resources

2016-06-24 21:33 ET - In the News

Jay Taylor, in the June 15, 2016, edition of Gold, Energy & Tech Stocks, says buy Falco Resources Ltd., recently $1.08. He previously said buy on Feb. 13, 2015, at 60 cents. A $1,000 investment then is now worth $1,799. Mr. Taylor was mightily impressed by Falco's recent PEA (preliminary economic assessment for its Horne 5 project. The net present value of $667-million is "out of this world!" he says, at least in comparison with Falco's market cap, which is just $93.5-million. The PEA assumes that Horne 5 will produce 236,000 ounces of gold annually over a 12-year mine life, with all-in sustaining costs of $660 an ounce. The biggest drawback is a high capital cost of $905.2-million. As well, much of the mineralization that the PEA expects to be mined is from the indicated resource category, which is less of a sure thing than proven and probable reserves. Falco is now working to fine-tune the economics of the project. Mr. Taylor is optimistic, and dubs the stock one of his top picks on his "progress A2" list (meaning his list of companies that are not yet operating but have a prefeasibility or feasibility study in hand). He has been buying the stock for his retirement account.

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