Perhaps the comparatively low number of shares outstanding for FNC is a bit of a brake on voltility that other 'area' players experiance. Only so many shares to go around and perhaps more in stronger hands?
Can't imagine how a mm could accumulate 10% of FNC like they seem to be able to do with some of the other guys. Buying a few million shares even over a week would push the share price through the roof. Nobody is going to pay that kind of money until they have more proof of a rich target on FNC property. Maybe a flutter once the aerial survey results are posted.
Would be a brave geologist who took even a ground magnetic survey and said 'drill here because a rich ore body is certain'. If it's drill results that are necessary then we'll have to wait a few months for lift off.
Guess I'll be happy to sit on investment for a few months just to wait and see what turns up. Price should be much higher even before results come out since buyers now are in a bit early because it's cheaper than waiting to enter. I figure the share price prior to drill results will be up 25% from here. Can't get that kind of return on many investments and downside is puitting iup with some ups and downs.