Falco Resources (FPC.V)

A project that is effectively right underneath the Horne Mine Complex in Québec. Originally it was very low grade gold and copper, so in order for this to be economic, they have to be able to mine it using bulk mining methods, and keep the costs as low as possible. That would entail blockading. He gets a little weary, because it becomes a “show me” story. He is on the sidelines, but it could be an interesting project.

2 stories involved. Acquired a Québec mine that was abandoned ages ago, and found there was a substantial gold reserve left at the bottom which they are de-watering in order to start mining again. Also, picked up a lot of property in the Rouen/Noranda area, and are doing fresher deeper penetration physics on it. An interesting story.

If you up the cutoff grade, it all starts to fall apart. He sees the size potential