Drill it !!!

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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alcollard

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Drill it !!!

in response to

Re: .08 spread between ask and bid

elevatordude

posted on Jan 26, 2008 01:17AM

I think we will see some sort of deal between NOT and FNC where they will get a drill bit onto FNC's property soon. It only makes sense. A hit on this property does both companies a world of good.

Now that NOT has an established drill camp in McFaulds Lake, will they be allowing other companies to use/hire their camp to start up drill operations? Seeing how Nemis is pushing for other companies to get drilling started on their JV's , I would assume this will be the case.

Personally from looking at the EM's I think the Double Eagle anomoly will prove out to be a huge deposit tonnage wise. In a twist of fate this deposit is sitting on two companies properties, but I doubt in the big picture this will have much meaning. Neither NOT nor FNC will ever end up mining this deposit, but they will have their day going to the bank, to cash the major's cheque that does end up mining it.