FMG land package increased ten-fold in the last month
posted on
Feb 18, 2011 05:12PM
Our original Guadeloupe concession (Hilda claims) were 1.498 hectares.
We added other concessions four times over the last 30 days and have now a total land package of 15.112 hectares, which is more than a ten-fold increase.
Apart from realizing that a lot of negotiations must have been ongoing over the past few months, one has to come to the conclusion that FMG management and Jim are 'really going for it' and they must like what they see in the area.
We will have issued 3.74M shares, paid $386.000 and have to spend $2M (over the next 5 years on certain 60%-claims) for this whole package.
FANTOMAS