FNC has kept their cards closer to their chest than just about any of the 'ROF' players. It's clear that they have no intention of doing a jv with anyone at this stage but intend to drill. Noront and others would have sharpened their pencils to do somekind of deal but of course if mineralization is hit any such deal would be at much higher dollar value.

FNC could avoid a pp by doing a jv AFTER they find something with limited drill budget. No doubt they have a good few options open.

Like others I have a position in FNC but also have no intention of increasing that until something is proved up on the claim properties.