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First Class Metals PLC (FCMF)

London
Currency in GBP
Disclaimer
2.75
+0.10(+3.77%)
Closed

FCMF Price Commentary

Some of these gradings really should make people sit up and listen now! See today's rns
Really need to have a look at FCM First Class Metals lse, Ontario fantastic new explorer nr Barrick Mine. FCM have found a 19g sample on the trend at Dead Otter Lake. Just over ipo price now with a years progress which is mad. The broker note suggests 29p current sp is 11p, they are at their new Sunbeam Mine now deciding upon drill targets. Historical grades at Sunbeam were 13gt Au with 50 to 70 kt left in the old workings to mine! Honestly just take a look that's all, your time will be very well spent! Great investment IMO.
Stockbox Interview with CEO of FCM, 3 hrs ago with Q & A as well: "HIGHEST Nickel in Decade in Hemlo. Asked by Mark about the "FCM share price BUCKING the trend", cash position, the project near BARRICK GOLD [23moz gold] and the NORTH HEMLO property which FCM owns 100% and whether they are interested in a JV etc. The CEO also mentioned no one did a comprehensive survey over the entire area ie high definition magnetic survey via heli on a 50m and 25m spacing. Think CEO of FCM said he is meeting with his counterpart next week? Have a listen and check for any errors at Wed, 7 Dec 2022. The answer for the SP bucking the trend is due to drilling results shortly after the their listing .CEO mentioned that HELMO is the flagship for the co. Think he also said that FCM will do prospecting, survey on their 100% property , 500m from Hole 76 of their JV with Palladium One.
FCM tweeted the above interview today, Tues, 6 Dec 2022: Highlights: "3 days at Mines and Money, London. Yesterday, back to back. People who dropped by: TORONTO Stock Exchange, investors [inc those who came due to the people at their booth], lots of interested parties. Palladium One has 2 rigs at West Pickle - they have to spend the money end of yr. People are astounded at FCM in the current market -money for the right project re:$$. Hole 75, not on JV property but 100m [not sure I heard correctly as its is 500m from recall] , south west, TRENDS -system extends to FCM 100% property. ECONOMIC WIDTHS. The grades and widths read out of Hole 70. DOWNHOLE EM. Indicate finding vector, extending." Please kindly listen as one can make errors. Tomorrow, Stockbox is doing a premiere on FCM besides a few more co's so more to come.
It’s certainly been a whirlwind few months.A major step-change in our existence as a company came, of course, with our London Standard listing at the end of July.But as far as our core activities were concerned, by that time we were already well underway.Indeed, we’ve been working on our projects continuously since well before our listing. And the rapid pace we’ve set ourselves has already resulted in plenty of newsflow. Since August we’ve put out updates on North Hemlo, West Pickle Lake, Esa, Magical, and McKellar, as well as details of the acquisition of new ground at Sunbeam.What’s more, we are in a strong position to keep delivering positive news well into 2023.Among our most key projects is the North Hemlo property, where we hold over 90km² of ground comprising 427 individual claims.The southern portion of North Hemlo is, broadly speaking, more prospective for gold and copper, while in the northern portion we’re more on the lookout for base and battery metals and platinum group elements. Our near neighbours provide obvious reasons for this.To the east of us in the north, Palladium One already has a major platinum group metals and nickel discovery, and JV’d with us on a significant portion of our own ground called Pickle Lake.In the south, meanwhile, Barrick’s famous Hemlo gold mine, a well-established multi-million-ounce gold operation, is just one granite pluton away.Long story short, Canada is a big country to be operating in, and we are hopeful of making big discoveries.However, no progress will be possible or desirable without the assent agreement of the First Nations in the region, something we at First Class Metals are acutely conscious of.Indeed, it’s partly for that very reason that we’ve had people on the ground so consistently throughout the past several months. Our chief executive Marc Sale has personally driven several thousand miles back and forth across the territory to conduct meetings with First Nations.It’s hard to overstate how important this personal approach and contact is to us. As it stands, our approach is overtly collaborative, to the point where we don’t apply to the Crown for exploration permits until we’ve already got the go ahead from the First Nations with traditional claims over our exploration areas.Meanwhile, work on the ground is ongoing. For example, soil sampling is taking place across Esa to help us build towards geophysics over specific targeted areas, with the intention of drilling next year. We also plan to drill at Sunbeam next year, and Palladium One continues to make progress up at Pickle Lake.All told, there’s a lot to be confident about.The geological model we have adopted on the southern part of North Hemlo is based on the orogenic shear hosted gold deposit (a Barrick-Hemlo template), and so far initial reconnaissance is encouraging. But there’s so much going on across our portfolio that we really do have a number of avenues that could lead to major value creation.
HIGHLIGHTS / News to come - Yeah looks good to me !! Never be bored with this share, with Marc Sale at the helm and previous bonanza finds under his belt im adding when I can. Its such an exciting and interesting share, especially with all the twitter feed where we can actually see whats going on. Unlike some shares I wont mention. Clarity, transparency and one of the first shares ive seen wanting to actually please shareholders instead of batter them with placings. Great Work FCM!   #ESA raw data was acquired which is now being reinterpreted for more focused exploration (by Patterson Grant Watson)  Progression of structural surveys at Esa, N Hemlo and Magical by Telluris Consulting.  Just bought a gold mine!! Historical information being assimilated with new tech. Drill ready and historical high grade gold. #Sunbeam   + 4000 line Km of helicopter borne low level VTEM magnetic survey flown over North Hemlo.  Commencement of prospecting on the McKellar Creek Diatreme / samples have been collected for assays. #REE gold and silver. Rns 15/9  Canadian Director employed (Canadian listing in process)    Ontario Junior Exploration Program (OJEP) Grant award of $200,000CAD.    First Drilling by earn in-JV partner Palladium One at West Pickle returned high grade nickel with more assay results to follow.    Progression of key structural survey on the North Hemlo, Esa & Magical properties by Telluris Consulting.    Full historical data review completed across all properties.    Samples at the Laboratory assays pending for multiple rock-chip, soils/MMI sampling across six properties.
#FCM is heating up. Strong buy at this price.
Link to Stock Box interview from Marc Sale at First Class Metals, a great listen ! https://twitter.com/i/broadcasts/1lPKqmvZRPNKb
Massive potential here at FCM.. excellnt team
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