1. All on hold waiting for a tax plan announcement
    Dismiss Notice
  2. Good Weds Am. Gold is down 1 to 1266, while Silver is down 2 to 1757 after a late collapse yesterday. Crude is down 15 to 4941. The USD is up 31 to 9896.
    Dismiss Notice
  3. Week of 4/22/2017 Closing prices & Chg Over Last Wk---- Gold $1289.10-- UP 0.60 Silver $17.85-- down 66 Oil $49.62-- down 3.80 USD $99.88 -- down 58

Falco can Produce Gold for $660

Discussion in 'PM Trading/Stocks/Technical Analysis' started by JayDubya, May 15, 2016.



  1. JayDubya

    JayDubya Gold Chaser Platinum Bling

    Joined:
    Apr 5, 2010
    Messages:
    3,897
    Likes Received:
    3,721
    Trophy Points:
    113
    Falco can Produce Gold for $660

    http://www.321gold.com/editorials/moriarty/moriarty051516.html

    Bob Moriarty
    Archives
    May 15, 2016

    Falco Resources just released an absurd PEA on their Horne 5 gold project in Quebec, Canada. The deposit has sat idle for 40 years after having produced over 11 million ounces of gold and 2.5 billion pounds of copper.

    The PEA calls for a mine life of 12 years producing a total of 4.8 million ounces of gold equivalent at an all in cost of $660 per ounce. The PEA shows an after tax NPV of $667 million CAD. That compares to a total market cap today of $63 million.

    The Capex is not cheap at $905 million but the operating margins of 66% are excellent. Those margins are using a conservative $1250 price for gold USD and give the project a 16% ROI. The actual gold produced per year for the 12 years is determined to be about 236,000 ounces yearly.

    Falco says that they intend an aggressive drill program to add ounces to the resources. With a 66% operating margin the ROI will go up a lot with any increase in mine life to spread the initial Capex over.

    If you believe that gold has bottomed, Falco offers a solid pre-production story highly leveraged to the price of gold. The company intends to commission the mine and mill in 2020 and achieve full production in 2021.

    I don't own shares but Falco is an advertiser and naturally I am biased. Do your own due diligence. They have an excellent presentation here.

    Falco Resources
    FPC-V $.59 (May 13, 2016)
    FPRGF-OTCBB 111 million shares
    Falco Resources website
     
  2. Howdy

    Howdy Silver Member Silver Miner

    Joined:
    Nov 26, 2015
    Messages:
    624
    Likes Received:
    612
    Trophy Points:
    93
    Nah...I don't believe them.
     
    andial likes this.
  3. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    12,790
    Likes Received:
    9,943
    Trophy Points:
    113
    Sooner than later most run out of money and start printing shares, lets not forget PAL
     
  4. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,777
    Likes Received:
    6,812
    Trophy Points:
    113
    QWAK,An ounce in your hand is worth more than a pound in the ground.:2 thumbs up:

    the DUCK
     
    <SLV> likes this.
  5. Ragnarok

    Ragnarok I'd rather be Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    5,442
    Likes Received:
    4,277
    Trophy Points:
    113
    They're making money from copper, not gold.

    R.
     
  6. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    26,149
    Likes Received:
    28,132
    Trophy Points:
    113
    Occupation:
    Tech
    1 year bouncing off resistance

    Screen Shot 2016-05-15 at 8.54.37 PM.png

    5 year

    Screen Shot 2016-05-15 at 8.55.34 PM.png
     

Share This Page