royal falcon's maiden world class ore deposit , page-2

Falun is an awesome project!!! It has the potential to be a company-maker!

But getting that in perspective, GMR only hold 35% of the Royal Falcon Alliance ... which in turn currently only holds 51% of the Swedish project. That means GMR only has an 18% exposure to the project

They also have their Mali projects, which are low-grade, but prospective for higher grade finds. They have $2.5mill in cash, with a high cash-burn rate, and have a MC of $16 million.

The other current 49% owner of Falun & the other Swedish prospects ia Drake (DRK).

They currently still own the 49% of the Swedish project as mentioned, which potentially has up to 3 separate world-class deposits.

Plus they own 3.5 million shares in AEE, which gives exposure to a potential world class uranium deposit. They also own 2 million shares in RXM, and remains exposed to the very exciting Mt Carrington project.

They have $840,000 in cash with a very low cash burn, and are free-carried in Sweden with Royal Falcon to spend $3 million for 3 years to fund exploration in Sweden.

All this for a market cap of only $5 million???

Not knocking GMR, they look to me to worth their MC and current SP. They are also very active which is good. It does highlight however, that their partner Drake is just ridiculously low priced.