I am long on FWR and NOT, I called today to NOT to talk with IR, to my surprise I got Richard Nemis on the line so we discussed McFauld and Windfall. Here is a brief summary from this conversation:
1) He is convinced that all the players of the area have good chances to discover additonal deposits, he does not consider that his Eagle project is an exception
2) When I asked him about the number of drills on the site, his answer was that they have 100 people on site working today, draw your own conclussions.
3) He confirmed that they they are now working towards getting a handle on the tonnage for DE1 , when I asked if this was still open at depth he answerd definetelly.
4) There are several companies he likes in the area including WSR ,FNC and FWR
5) Windfall will make soon news when they host the press and media for a photo opportunity to go over the newly found high grade drill results and the implication to the project
I asked about NR, he of course would not provide a date, all that he said is tha they are working on a couple of items and we need to be patient
This will get red hot soon, and bodes really well for FWR, NOT and the whole area play
Nick
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