Slowly creeping back up to 3c. Building strength and interest...

Slowly creeping back up to 3c. Building strength and interest over upcoming news. Still waiting on the decisions for Tolukuma and Furgusson Islands, Anglo awaing their decision over Hela which will open the doors to talks over Bugalo. Keep in mind there has been extensive exploration in Swit Kai but still a lot of drilling to do. Assays so far as high as 186g/t. Massive against Aussie standards, and mineralisation over 1500m strike length so far. A major here would do some serious drilling. Muller up for renewal and Peter waiting for dates for site visit (if not already done) giving us another two years for a major to fund the drilling. Talks of NCM looking for new prospective explorations and are a past JV partner. Talk of locals not happy with Tolukuma mining company and wanting them out for a more experienced company will put FNT in the mix with possibly two majors on the Tolukuma site.We currently have three avenues for JV's. Bugalo, Tolukuma (when approved) and Muller.
Still in line as second for the Sinivit ELA with the first runners Munga River having deferred the wardens hearing. They can only defer for so long and will have to go ahead. According to Peter the locals were strongly in favor of FNT to do the exploration and mining. If the locals hold strong, Munga will not be recommended and FNT will get another bite at the pie with a new minister. The way we are looking I think we are going to get numerous outcomes all at the same time as the MAC only meets every couple of months and the minister takes about the same time to deliberate so we may get a big juicy christmas present. IMHO. Remember. We only need one of these things to come through to pump the SP. Hold strong.

cheers

GD