16:05:24 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 179,690,059
Close 2017-09-19 C$ 1.08
Market Cap C$ 194,065,264
Recent Sedar Documents

Globe says Falco rated "outperform" in new coverage

2017-09-20 09:37 ET - In the News

The Globe and Mail reports in its Wednesday edition that Raymond James analyst Tara Hassan says Falco Resources' Horne 5 project in Rouyn-Noranda, Que., is "to be advanced to production or be attractive as a potential acquisition target given the rarity of large scale, long life, and low cost projects in safe jurisdictions." The Globe's David Leeder writes in the Eye On Equities column that Ms. Hassan rates Falco "outperform" in new coverage. She set a share target of $2, nine cents above the consensus. Falco owns the entire interest in the project, previously mined by Noranda. Ms. Hassan says in a note: "The project's proximity to a mining centre eliminates many of the challenges that can face a development project as Horne 5 is easily accessible, has power and water to site, proximity to equipment suppliers, and access to a highly skilled labour pool. With the project being located on a brownfield site and in an active industrial area, permitting risks are perceived to be low, particularly given that the bulk of the tailings will be placed underground as paste fill or at other past producing operations on its claims. ... It is in talks to acquire a brownfield site that it could expand for its needs."

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