At this point the only way I see FNC having enough money to drill is if insiders excercise options, which is remotely possible.

Peter claims the last set of air-borne EM's will be back sometime this week, and once they are received they will make a final decision on drill targets. He says they already know 99% for sure where the best targets are. However as of yesterday no drill rig had been secured yet. When I asked for a timeline when FNC would be drilling, all he would answer is soon, and would not commit to an exact date. He still claims NOT has 1/3rd of the Double Eagle discovery and FNC has the other 2/3rds or the main body of the discovery so to speak. He says from the EM's the discovery goes down in depth near the FNC-NOT border then surfaces on FNC property. His words were NOT has the feeder zone and FNC has the main body.

Asked Smith if he had heard about PRB's news and he said yes, he had heard and he thought it was interesting and he wished them all the best. He also stated that many of these EM anomolies that we will be seeing in the near future will have no mineralization. On that thought he said however many in the area will be mineralized and that this McFaulds Lake discovery is in the very early discovery stage and there will be many, many discoveries in this area before all is said and done.

All in all Smith was very upbeat, but the guy definately is in no hurry for anything.

Al

...sorry about the 2 posts, somehow the 1st one got posted before I was finished.