FNT 5.00% 1.9¢ frontier resources limited

FNT... a significant option for Major Miners?, page-1080

  1. 1,047 Posts.
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    Hi Folks,

    Can I qualify my referenced text by adding that in 2012 when NCM joined FNT the price of Gold in US$ was a lot higher ($1,600).

    BUT.....the AUS-US exchange rate in 2012 was around US$1.00 to AUS#1.00 or around AUS$1,600 per oz. Right now the price of GOLD is AUS$1,688.

    Conclusion.........a JV with a Major Mining House....in theory......could involve a purchase of 2.3% of ordinary FNT shares at 31c a share.

    FNT shareholders look to Our MD Peter McNeil to see what JV conditions can be achieved. Exciting times ahead people.
 
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