NIA's latest brand-new stock suggestion Abitibi Metals (CSE: AMQ) has a VMS deposit similar to Foran Mining (TSX: FOM).
AMQ's B26 Deposit has a historical resource of 11.4 million tonnes at just under 3% copper equivalent which is open for expansion.
AMQ CEO Jon Deluce believes the B26 Deposit after their fully funded 50,000m 2024/2025 drilling program has potential to deliver an economic PEA with a minimum defined 20 to 30 million tonne high-grade copper resource.
FOM's VMS deposit currently hosts 44.2 million tonnes at lower copper grades than AMQ's B26 Deposit.
FOM has a market cap of CAD$1.389 billion.
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