Foran Mining Corporation (FOM.TO)

It’ll absolutely be good for the FOM shareholders because copper and zinc cashflows can be revalued at the same cashflow metrics that gold enjoys. He’s less certain for the other shareholders; traditionally, cashflows from base metals have been valued by the market at below-average multiples relative to those for precious metals.

Fantastic return for investors who have been there for the last few years. On the cusp of production, which will generate cashflow. Higher prices for copper and other metals will really fall to the bottom line.

We appear to be in a longer-term cycle where commodities outperform. We've recently seen an acceleration in economic numbers out of China and Asia. It all falls back to electricity, EVs and data centres, and the amount of copper that's required. Takes a long time and a lot of $$ to build mines, so you're in a good position if you're already producing that supply.

FOM is a mining company that is still in the exploration and development phase. The company has claims over 140,000 hectares in the deposit-rich Flin Flon Greenstone Belt, where it is developing its key project – the McIlvenna Bay Project located in Saskatchewan. The company’s asset is believed to be rich in copper, zinc, gold, and silver. This project is still under construction and is expected to start production in 2026. The company is poised to do well in this environment given its exposure to gold and silver; in addition, copper and zinc could be set to rise as the world embraces electrification and adopts sustainable energy.

With that said, FOM is still a speculative name and has not generated any revenue in recent years. The company will likely need to issue at least shares to fund near-term operations. FOM is an interesting name in this market, but investors need to size it appropriately and temper expectations. We like the sector, but FOM has lagged the high returns in the sector this year. Insiders own 3% but have been buyers. AEM owns 13.5%. FFH owns 18%. 
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Copper, zinc, gold. Here in Canada, a safe jurisdiction. Development project. Stock's been performing well. New all-time high today. He'd buy here.

He really likes copper, thinks there's a shortage going forward. Takes a long time to put a mine in place, not a lot of new mines coming on. If we're going to electrify everything, we're going to need a lot more copper. If you look at the COPX ETF, in the last 3 months it's just broken out of a 10-year sideways base. Means copper's in a new bull market. 

Materials are currently being revalued. Commodity prices improving. The multiple investors are prepared to pay is expanding. The value of what's in the ground is expanding. 

Owns a bit of this name. Likes the friendly jurisdiction. Company is big enough for almost any institutional investor to purchase. Not the leader in the group, but really likes the copper group and likes this name.

(Top Pick Jan 10/12, Down 5.00%) In general resource stocks have been difficult. It is with the crowd. Massive VMS deposit adjacent to Hudbay. At some point it will be developed and patience is required. Hudbay could expand by buying this one.

(A Top Pick Jan 10/12. Down 15%.) Developing and will be developing very high grade VMS (multi metal assets). Looks very, very promising but the market is kind of against it. If you own, continue to Hold.