Below is what I left in FWR forum...

but since SPQ had only 4 million in hand, it will be a question if SPQ put 2 drills at one time..

Any comment?

Looks like FWR will drill 100% owned land fro a while before going to NOT/FWR JV,

from SPQ former experience, they incurred around 400,000/month for its one drill operations.

If we have >8 million cash in bank, we can substain for 20 months of 1 drill operation.

But if we have 2 drills, we may have enough money up till next summer.

But the assays result has been hindered all ROF progress, that means if more drills can be employed , we will get the land be explored much faster, as Mac said: we will be waiting for some majors to come in...

My humble opinion, it will be important to be in line with Noront and SPQ JV timing...

I am for 2 drills instead of one, as we are pretty late comparative with Noront discoveries..

Majors will look to Noront first ,and if we are prepared , FWR or SPQ/KWG/FWR will be next candidate..

Hope that management have thought about this issue of timing..