At this stage I have only made a cursory review of FFM but the copper grades of a VMS deposit at it's Ming Project located in Newfoundland in Canada are looking very solid at around 1.7% with small amounts of gold and an MRE of MI&I of approx. 50mmt. FFM also appears to have a separate high grade gold project in Ontario which needs more exploration and it has a healthy $68mm in cash to progress it's projects. The market cap is around $530mm so the upside is hard to gauge ATM. The Ming project apparently already has some mining infrastructure from a previous operation some of which maybe useful. Much more research needed here but this is looking as a possible option to put some NWC takeover proceeds into.
Happy to look at other suggestions.
NWC Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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