Cash is king, and im sure its coming....14 Mar 2024 11:26
At these prices I don't think you can go very wrong at all buying FCM.
The company's portfolio is proving up hardcore grades at every corner, the management and board are hugely invested, tier1 Ontario, Canada, with a keen interest in investment into their critical metals.
I can't see this without a large investment injection for very long. Ripe for the picking.
ZigZag Lithium
ZIG-23-01 4.3m @ 1.65% Lithium (Li20) including 1m at 2.93%
ZIG-23-02 5.0m @ 1.5% Li20 including 0.2m @ 5.19% and 5.75m @ 0.21% Rb20
ZIG-23-07 6.5m @ 1.09% Li20 including 0.5m @ 2.76%
West Pickle - In the West Pickle Lake area, chonolith / feeder dyke structures now extend over more than five kilometers of strike length.
ยท Drilling along the eastern margin of the West Pickle Zone targeted borehole electromagnetic anomalies ("BHEM") returned 1.8% Ni and 1.0% Cu over 1.5 meters in hole TK23-134 (Figure 1).
ยท A new nickel zone has been identified with intercepts returning up to 0.4% Ni and 0.2% Cu over 2.7 meters including 1.0% Ni and 0.4% Cu over 0.9 meters in hole TK23-128 in an area with soil anomalies as high as 0.15% Ni, 0.27% Cu and 86 parts per billion ("ppb") Pd + Pt
And my favorite Sunbeam, the Gold Mine! Come on boys, get the gold out, surely that's worth more than the MCAP alone? Results from the stripping at Roy have confirmed high grade gold assays up to 18.8 g/t gold (Au) / 0.3m channel sample at Roy. Other highlights include:
o 6.27 g/t Au channel / 0.35m in mafic schist with quartz veinlets;
o 4.98 g/t Au channel / 0.5m in sheared porphyry; and
o 5.58g/t Au channel / 0.5m within a quartz vein.
ยท At Pettigrew channel and grab samples returned significant gold grades, including:
o 13.0 g/t Au grab sample from quartz rubble dug up beside the stripped outcrop.
o 3.5 g/t Au channel / 0.2m in a quartz vein with galena and chalcopyrite;
o 1.82 g/t Au channel / 0.75m in sheared porphyry; and
o 0.32 g/t Au channels / 3.95 m within sheared porphyry
Just read through the RNS and you can see how undervalue this is compared to peers, won't be a bargain for long imo.
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