Reasons to Invest29 Mar 2018 14:31
5 reasons to invest in FCR right now.
1. JORC resources estimates put value of zinc, lead and silver at $3.285 billion. With a mcap of �3m this is woefully undervalued.
2. Zinc is the fourth most common metal in use, trailing only iron, aluminium, and copper with an annual production of about 13 million tonnes. Zinc is most commonly used as an anti-corrosion agent, and galvanization (coating of iron or steel) is the most familiar form. Zinc prices are at a 10 year high, supported largely by supply-side factors, that is falling global inventories, Chinese mine closures (due to their efforts to reduce industry-generated pollution) and stable steel market demand. According to Investing News, analysts forecast that the refined zinc market will remain in deficit in 2018. Commodity analyst CRU Group estimates that the deficit will be around 200,000 whilst CPM Group expects the refined zinc market deficit to reach 220,000 tonnes in 2018.
3. Location - Their Toral project in located in the Leon Province of northwest Spain 400km north-west of Madrid, the project�s licence area hosts excellent road, rail and power infrastructure and is situated in a known historic mining jurisdiction. Spain is increasingly supportive towards its mining sector � projects are being progressed into production and are subject to EU governance standards with respect to corporate, environmental and supply chain transparency.
4. Recent Board changes - the excellent Colin Bird is now part of this along with Myles Campion.
5. Other prospects - The Lago Project is located approximately 54km to the north-east of the Toral Project. Historical investigations completed by or on behalf of the Spanish mining firm, Exploracion Minera International Espana S.A, between 1985 and 1990, indicated that mineralisation at the Lago Project may be similar to that encountered at the Toral Project with vertical, lenticular bodies (probably more than one) approximately 800m long by 300m wide.
To date, exploration campaigns have seen 29 out of a total of 37 drill holes intersect Zn/Pb mineralisation. Historic drill results reported by EXMINESA include: 9.5m grading at 9.54% combined lead and zinc and 7.5m grading at 14.75% combined lead and zinc, with the mineralised structure estimated to be 1.3km in length.
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