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  5. FIL: Between Filo and Foran, wich one do you prefer for a minimum of 3/5 yrs? [Filo Corp]
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Q: Between Filo and Foran, wich one do you prefer for a minimum of 3/5 yrs? I know that both are backed by solid investors. Do you consider Canada safer than Chili for mining? Are we expecting more dilution in a near future to complete their project? Your verdict please.

Thanks
Asked by Daniel on March 06, 2024
5i Research Answer:

Chile is 'decent' for mining but we would consider Canada better. FIL is much larger and FOM is more likely to see future dilution, so we would prefer FIL. Both have decent cash positions right now and good projects, in our view. Insiders own a large chunk of FIL which is also positive. Fairfax owns 15% of FOM and it is not without good potential overall. 

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