To be spending the wining lotto proceeds before the numbers are called..... FNC has only hopes of proving an extension to the deposit untill the drill actually proves it up....

When that fact is proven or disproven the market will react.... either positively or negatively and all bargaining will be off the table.

Right now is prime bargaining time.... NOT can provide downside risk insurance and still provide upside potential.

I've see it happen too many times in my 20 + years investing where EGO and " I'm positive it's there" have not provided the investors desired result.

What happens to FNC if no deposit is found in the first round of drilling.... at what price will the financings be at then.... and what backup projects are in hand.

Seams cavalier to take the lotto winer mentality when FNC is trading at a 75 million market cap..... If I was on FNC board I would be raising about 6 million right now @ $3.00 via flow through with a full wt at $5.00 This would minimize downside risk as sufficent cash would be in the till for future work.... Sucessfull drilling would bring in the wts at a substantial premium to previous highs.