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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

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    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

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    Nah...I don't believe them.
     
    andial likes this.
  3. southfork

    southfork Mother Lode Found Mother Lode

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    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

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    QWAK,An ounce in your hand is worth more than a pound in the ground.:2 thumbs up:

    the DUCK
     
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  5. Ragnarok

    Ragnarok I'd rather be Midas Member

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    They're making money from copper, not gold.

    R.
     
  6. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    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
     

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