re-The dark side
in response to
by
posted on
Nov 24, 2007 04:08PM
Discuss the various junior resource companies within the McFaulds Lake Area
Not only should the new EM's be more defined because of the closer spacings, buts lets not forget the 2003 survey was done with an airplane. The 2007 survey is being done with a helicopter to get much closer to the ground.
I'm far from having knowledge as a geologist, however one need not be overly bright to see the EM's from the 2003 survey, clearly show FNC and FWR have excellent looking drill prospects. Peter Smith told me as soon as he has the new surveys figured out, a survey will be started on foot to define the best targets possible to drill this winter. Only the sweetest spots will see the drill bits.
Once these surveys are made public I wouldn't be suprised to see the majors much more active in grabbing shares on the open market, of these McFaulds Lake stocks. With FNC's low outstanding share count, I figure them to be the big winner, long before the drill bit ever scratches the surface.
Al