I think you will find it wont stabilize currently at a higher value because the drilling hasnt been continuous and this is because we need to keep coming up with more money. The chopper in and out of Bugalo is an enormous cost. If we have the money to expand the drilling season then we can complete more holes and find the good stuff. Last year we started off well but because the one deep hoile we drilled didnt hit a vein everyone dropped a lip and moved on. I have investments in other companies that drill 40-50 holes at a time and get intercepts in 4-5 holes and the SP goes off. If we can drill 10-20 holes at a time and test all the points which Peter has indicated then I'm sure we will find the true size of the reef. Remember it sits at 1050m so far. $6M in the kitty will allow the drills to keep spinning. Would also allow Peter to bring a second rig in. IMO
FNT Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
