"Mcfaulds instead of poking a hole here and there? Maybe the answer is the sale on Magpie is and has been on the table for awhile and instead of diluting to drill he's waiting for the payday to bring these properties to fruition"

Add into the mix the fact that Champion just bought out Sheridan's 17.5% of their JV for essentially 6 mill. FNC was given the same offer but opted to stay the course. He cancelled the last PP because they wanted him to reduce the SP of the offering. He claims they have sufficient funds for the present programs, and knowing Peter, he likes to have all the cash he can get his hands on, just in case. All this tells the story of someone who knows the future looks rosey, and the most likely source of short term cash has to be Magpie, whose metalurgical results should be imminent.

ANd then there is the ongoing drilling at both ROF and Beauce, both of which are ONGOING as of Thursday.

The last run took us to 1.25 range with a lot less on the horizon than now.

Best regards

K