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11:35
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Originally posted by GDoggy
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Hey Denver. I know its frustrating. I feel you. I know Peter wanted to re-acquire the best of our former tenements. I also know (because I asked him) that he has several registered exploration companies of his own as well as his consultancy company and when he applies for an EL he uses alternative companies or if its a ballot he will use multiple to increase his chance of getting the licence. This is the process he has to use to get around some of the politics of PNG. For most of these he is virtually selling the EL to FNT for his costs and a share of the profits if any are made which is basically an incentive payment. I think we need to keep in mind that these guys have basically been working for shares and not the huge Manager fees charged by other boards. They are doing this so that FNT can strengthen and get value out of every dollar. This is also two tenements in New Britain. Along with Andrewa and if we manage to get Sinivit we will have a very strong exploration base and active mining site. Not a bad thing. Plus the market seems to be liking it also which for us is a good thing.
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You need cash to drill gdog, we don't have any because like last time we have spent it all on little holes all over the bloody joint, what we need is focus on 1 maybe 2.
