Re: just got off the phone,...re:FNC - hoov
in response to
by
posted on
Sep 10, 2008 11:35AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Right to the point Joe. The best way...:)
On another note, it would appear that many on the forums are confused and smarting re FNC as well as the dwindling sp.
Nothing really happened to FNC. Nothing has changed there. At the very least Smith has accumulated knowledge. The next drill program will be more precise. Maybe this time they will follow the Chromite through their property.
This is the same scenario as what occurred with Probe a while back and Probe remains a great play. They have more knowledge and the v tem is complete.
NOT's sp has been wounded by FNC and is being dragged down with it.
So here we have 3 plays: Probe Noront and Fancamp and all within a stones throw of each other around the E1 hit. Noront has the hit and these other 2 plays have it surrounded. There is no possible way on this earth that FNC and/or PRB are barren. It makes no sense to even think that. They are righ on top oe E!!!
What is required IMHO is more cooperation among these 3 plays. I can't for the life of me figure out why these 2 area plays have not joined forces with NOT for the drill programs.
FWR is wise enough to do this so what is wrong with Palmer and Smith. Thats the problem when egos get in the way of things.
From what I understand Probe was given an offer by Noront. I could be wrong but I think there was something in the wind. So Probe got punished and now it looks like FNC is getting punished as well.
Its not to late for these plays to create an alliance of some kind to move the ROF forward. I don't like misses even when I don't hold shares. I sold my FNC some time ago and didn't bite to get back in but even so I was hoping for a good hit.
Every miss causes investors to get disenfranchised with the area and the plays so they move on. It is important that we keep everyone interested in the are.
As for NOT, nothing has changed. I just wish I had more money. NOT is the guarantee in this whole area. Along with NOT will come the plays who work together with us like WSR etc..
I hope that you all feel the same way I do re NOT. The only thing changing with NOT is that we are accumulating more wealth. We'll see the results of the work probably this fall and don't be surprised if we don't see a few more 43 101s for other anomalies!!
There is so much news to come from NOT that I don't care about the sp. I just drool over it because its a buying opportunity but I have no more dry powder.
I'm hanging in with more confidence than I've had since before Blackbird. Now we have Chromite. Gold at Windfall and more nickel to 43 101.
GL and take it easy. Don....:)