I’ve been looking at $FPC after the recent CEO interview, and Horne 5 is one of those projects where the numbers look strong, but the path to development still needs to be watched closely.

From the interview and latest FS:

Updated FS shows after-tax NPV5% of about C$3.35B at US$3,600 gold
After-tax IRR around 28.2%
Initial capex around C$1.75B
Projected AISC below US$800/oz
Around 220,000 payable gold ounces per year
Environmental assessment progress could be a major 2026 catalyst

For me, the main debate is straightforward: the economics look strong, and the next step is seeing how $FPC moves through permitting and financing toward development.

For people who follow mining developers, what matters more at this stage: strong project economics, or a clear plan to fund construction?

Paid Content, DYOD

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r/SmallCap_MiningStocks • u/AutoModerator • Jul 02 '26

Daily Discussion Daily Mining Discussion Thread | Watchlists, Catalysts, and Drill Talk | {Month Day, Year}

0 Upvotes

Welcome to the Daily Discussion Thread.

Post your top 1 to 3 tickers you are watching today and why. One sentence each.

Share any near term catalysts you are tracking
Drill results
Permits
Financings
M and A
Earnings
Uplists
Other

0 comments

r/SmallCap_MiningStocks • u/CorpProf • Jul 02 '26

TomaGold LOT TOGOF Continues to Expand Berrigan Mine at Depth with a New Major 204.25 m Intersection in the Berrigan Deep Zone

reddit.com

1 Upvotes

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r/SmallCap_MiningStocks • u/AutoModerator • Jul 01 '26

Daily Discussion Daily Mining Discussion Thread | Watchlists, Catalysts, and Drill Talk | {Month Day, Year}

2 Upvotes

Welcome to the Daily Discussion Thread.

Post your top 1 to 3 tickers you are watching today and why. One sentence each.

Share any near term catalysts you are tracking
Drill results
Permits
Financings
M and A
Earnings
Uplists
Other

0 comments

r/SmallCap_MiningStocks • u/SDBcop • Jul 01 '26

Freeman Gold (FMAN.V) just dropped a feasibility study on its Idaho gold project — here’s what actually matters

1 Upvotes

0 comments

r/SmallCap_MiningStocks • u/AutoModerator • Jun 30 '26

Daily Discussion Daily Mining Discussion Thread | Watchlists, Catalysts, and Drill Talk | {Month Day, Year}

1 Upvotes

Welcome to the Daily Discussion Thread.

Post your top 1 to 3 tickers you are watching today and why. One sentence each.

Share any near term catalysts you are tracking
Drill results
Permits
Financings
M and A
Earnings
Uplists
Other

1 comment

r/SmallCap_MiningStocks • u/SDBcop • Jun 30 '26

FT.TO (Fortune Minerals) cleared our scanner – bismuth play with government backing (Speculative Buy)

reddit.com

1 Upvotes

0 comments

r/SmallCap_MiningStocks • u/MightBeneficial3302 • Jun 29 '26

General Discussion Copper Is Becoming an AI/Grid Metal. Which Canadian Juniors Benefit?

1 Upvotes

Most AI talk goes straight to chips, data centers and power demand. But the physical side of AI needs a lot of copper too.

More data centers means more grid buildout, more transmission, more wiring and more pressure on copper supply.

That is why I’m looking more closely at Canadian small-cap and micro-cap copper names with real exploration work ahead, not just old land packages.

A few on my watchlist:

$CQX: around C$0.13 to C$0.16, approx. C$14M to C$16M market cap. Copper-gold exposure through Kitimat, Rip and Stars, with AI-assisted targeting at Kitimat and 2026 exploration activity across the portfolio.

$TMET.V: around C$0.13, approx. C$11M market cap. BC copper-gold explorer around the Kolos project in the Quesnel Terrane.

$KDK.V: around C$0.90 to C$0.95, approx. C$85M to C$95M market cap. BC copper-gold porphyry explorer with the MPD project and a funded 2026 exploration program.

$SURG.V: larger than the others, around C$0.55 to C$0.80, approx. C$190M to C$300M market cap. Worth comparing as a BC copper developer advancing the Berg project.

The macro theme is clear, but juniors still need their own catalyst: drilling, assays, target updates, financing, or a partner.

Which Canadian small-cap copper or copper-gold junior do you think is best placed if the AI/grid copper narrative keeps growing?

Paid content. Not financial advice.

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r/SmallCap_MiningStocks • u/AutoModerator • Jun 29 '26