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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Message: did we begin drilling yet? plus venting

did we begin drilling yet? plus venting

posted on Feb 17, 2009 09:37AM

Much of this is a venting -since there's very little news to discuss -which is the point.

1 - I hope we have not drilled.- making no news bad news. If we are about to drill in upcoming weeks then we all have something to sweat about again.

2 - I know there's much excitement over Chromite. However, I get a nagging feeling that P.Smith sees it as a distraction with a resulting opinion, due to lack of understanding or too much understanding, of chromite having little value. Could this be his opinion, despite the excellent articles posted and links recently showing chromite, despite it's abundance, is very vauable? Has anyone talked to P. Smith recently and sensed excitement in chromite? Either way, he's certainly not hoping for chromite. He's wants nickel.

3 -how much cash does he have left to drill in upcoming weeks? How does drilling occur. Will P.Smith pay the rig on credit or does he pay a deposit ahead? How is our company financing ROF project. With all the money he raised recently, through dillution, did he stockpile money for upcoming drills or did he pay back past drills? If it is to pay back debt, then once again, does he have just enough cash to pay for a few targeted drills, once again placing all the eggs in a few drill holes. This is the same mentality which caused him not to get financing when we were $1.50 or more? FNC needs a real hit -true, but it also needs a real drill program. If the major are to take us seriously, then P.Smith must stop amatuerism. Surely Sheridan knows this, and I have a feeling both men want to leave there legacy with either ROF or Magpie.

4 - FWR and it's JV has shown excellent web presence. Meanwhile FNC is this inigma in the center of NOT and FWR, that communicates very little. Is this good or bad? I actually do appreciate news reported when there is news, which in FNC's case there's no news. Maybe I should feel confident in a pres who doesn't report news for hype, but on results.

This would make me frustrated at my own message, since there is no new information.

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