NOT has shown it is not that easy to drill a target.... You will never get 100% sucess drilling from EM and Mag data, otherwise why would you need to drill... PRB drilled a couple holes very close to the new target area.... That shows that close just isn't good enough.

Had PRB hit when this was JV'd the whole story would have had different players in the drivers seat...

Thats why you want to compile as much info before drilling to minimize risk. Thats why you want to have several million in the bank .... to minimize risk!

Now the next time FNC takes a run, Mr Smith should complete a small financing ..... to minimize risk!

Heck if you would have told him a year ago he could finance FNC at $3.00 ft with a $5.00 full wt.... even he would have said your nuts!

Back then $ .25 looked good! Now he's scoffing suggestions of 2.5 million shares for a $5 million financing with less than 10% dilution.... That would have more than doubled the float a year ago.