If FNC finds a large extension, the upside for this stock is tremendous. This is exactly why I bought this stock -- to drill that potential extension. FNC has a market cap of only $20MM, yet they are one drill hole away from a big time deposit.

They might not find it, but I like their chances. It's going to be really deep and expensive to mine, as well as costly to drill out. However, whoever mines Eagle 1 will likely buy it. I would expect someone like Valle to come in a buy both companies. I've always thought the threshold was at least 20 million tons to get the big boys interested. This extension could be the final push to that magical number.

Newager