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It's not all about Gimlet ....there's a lot of gold on/in the...

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john435

11,111 Posts.

492

15/12/18

21:05

Post #: 36871582
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Originally posted by gonnfishing: ↑

interesting reading the IRC/MRP merger, makes one wonder where FAU's future lies, and what a potential board strategy may be.

Assuming the northern WA tenements hold nothing bar geological interest (I have read the geologists report on them and they have been worked over quite a few times) then its all about gimlet.

For me the strategy should be , drill teh begesus out of it, prove up a solid resource of 100-200koz and then flick it on. Let somome else do the resource drilling and mining, if we can flick it with a SP at ~10cps later 2019/early 2020 then we would have had nice 3-6 baggers depending on your entry point and heads vs options.

The would privide cash to rinse and repeat the recipe.

Or and alternate strategy might me to take advantage of the cash position and the current market conditions and acquire another asset.

I'd like to see a clear strategy from the board, that would give investors confidence on what an expected outcome would be

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It's not all about Gimlet ....there's a lot of gold on/in the Pilbara tenements

FAU Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $2.717M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$6.74K	3.370M

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No.	Vol.	Price($)
55	252975287	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	21421493	16

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No.	Vol.	Price($)
2	321927	0.002
42	79675968	0.001
0	0	0.000
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0	0	0.000

Price($)	Vol.	No.
0.003	11856404	17
0.004	17397388	12
0.005	13333936	8
0.006	6299990	5
0.007	2900000	2

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