Professional
Added to YB: 2025-07-18
Pitch date: 2025-07-16
FRG.CN [bullish]
Forge Resources Corp.
+27.27%
current return
Author Info
No bio for this author
Company Info
Forge Resources Corp. engages in the exploration and development of natural resource properties in Canada, Colombia, and Mexico.
Market Cap
CAD 52.1M
Pitch Price
CAD 0.55
Price Target
1.00 (+43%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-7.32
EV/Sales
N/A
Sector
Metals and Mining
Category
value
Forge Resources – Anchored in Coal, Leveraged to Discovery
FRG.CN: Dual-asset miner with 80% of permitted La Estrella coal project (Colombia) starting extraction Jan 2026 (20k ton sample, ramp to 180k tons/yr). Trading at 2.6x 2027E EBITDA ($20.1M). Also owns Alotta copper-gold in Yukon near Casino deposit. 17% insider ownership. Bull case: near-term cash flow + exploration upside. PT: $1 (89% upside).
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