07:28:39 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Falco Resources Ltd
Symbol FPC
Shares Issued 188,957,863
Close 2018-04-12 C$ 0.75
Market Cap C$ 141,718,397
Recent Sedar Documents

Globe says new coverage rates Falco Resources "buy"

2018-04-13 07:07 ET - In the News

The Globe and Mail reports in its Friday, April 13, edition that Desjardins Securities analyst Raj Ray says Falco Resources' (75 cents) Horne 5 project in Rouyn-Noranda, Que., presents the opportunity to invest in a "scarce" Canadian gold asset. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ray began coverage with a "buy" rating. Mr. Ray set a share target of $1.75. Analysts on average target the shares at $1.88. Mr. Ray calls Horne 5 "one of the most advanced-stage development projects that, in our opinion, is investable and executable from a development perspective owing to its location in one of Canada's best jurisdictions to build a mine, its scale and scalability, the relative ease of permitting given its brownfield nature and the below-average capital intensity for similar-sized gold projects." In comparing the project, expected to commence production by 2010, to other operating Canadian gold mines, Mr. Ray says Horne 5 ranks in the top six in reserve size, mine life and estimated operating profile. He says, "In an industry faced with impending production declines, lack of meaningful discoveries and jurisdictional risk, the Horne 5 project warrants scarcity value in our opinion."

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