I am also very impressed with the reported grades but we all have to remember that these are based on an analysis of holes drilled by the previous operator (as I read the NR). The share price should pick up and the volume will increase only if the current team is able to produce similar results from this summer's drilling program. I have taken a positon in this stock because I feel that if the summer drilling program produces holes that are measured in ounces this stock price will jump into dollars rather than cents.
I am also enamored with the prospective of having a fully permitted mine. That would put FAU on the very fast track to production. IMHO, producers are going to pay off big in this stage of the gold bull market.
- panamax