Foran Mining Corporation (TSXV:
FOM) CEO Patrick Soares spoke to the Investing News Network about its focus on 2015, as well as its Balsam property, located southeast of its flagship McIlvenna Bay Deposit near Flin Flon, Saskatchewan. “2015 is going to bring us a lot of excitement,” says Mr. Soares. Foran recently
announced the expansion of the Thunder Zone on the Balsam property. Mr. Soares says that reducing payback is a priority in 2015 and said, “while opening up McIlvenna Bay if we were to open up Thunder Zone, add that as supplementary feed to a concentrator that was nearby, we could shorten our 4-year payback to lessen that and improve our IRR, pay back any debt we have.”
