Al,
My take..
I would NOT buy more FNC
I would buy WSR
I believe he is doing as he stated, bringing in partners to drill as much of the area as he can. The ring of fire is HUGE and extends past UC to the NORTH and continues on.
My bet is that he gave WSR the first choice meat of property that NOT is just not going to be able to get to in the next 6 months. He wants them to HIT and FAST. NOT makes money on the land on which they are concentrating, WSR makes money, NOT makes another 50% AND it makes all of NOT other claims even MORE valuable. This is real executive thinking.
Expect to see more of this!
This is how you get DOUBLE RICH, not by trying to horde all yourself but by hiring others and taking a piece of the action.
SMART, SMART, SMART
As your conversation with FNC. Could you share some of it? From what I've heard of other conversations, this company has a 'belief' that they MAY have XXX. Noront HAS XXX and the technical info that allows them to know with good probabililty where the next XXX is. I think if you called Mr. Nemis, you might find yourself selling all your FNC and putting all your eggs back into NOT.
Lastly, this is a NOT board, not a traders board so do expect some flak if you are extolling other properties over NOT. NOT polite to tell a man that the lady across the street is better looking then his wife when your enjoying a brewsky in his living room.
I trust Richard, and I bought some WSR, she's part of the NOT family now!
BK.