trying to clean up prior post.. Tuesday morning thoughts
in response to
by
posted on
Jan 15, 2008 03:16AM
Discuss the various junior resource companies within the McFaulds Lake Area
Finally we are starting to get some much needed excitement in McFaulds Lake. Yesterday PRB has a news release that offered a little "meat" to the rumour mill. After the intial euphoria, the McFaulds Lake stocks sold off, but it is now evident, news from one of this group of stocks, and all the stocks will move. There is something about the way that NOT is trading that reeks of accumulation. I can't put my finger on it, but I just get this feeling a big shoe is about to drop on this stock. I added to my postion yesterday in NOT yesterday, and may add again today. I have this feeling when we finally get news from NOT it will explode to the upside. JMHO
I phoned Peter Smith yesterday Pres of FNC. Here is the jest of my conversation with him.
There is no dispute between NOT and FNC about the 150 metre border that some posters have talked about. Smith says borders well defined. The ground geo-physics have been completed and they are expecting the last of the air-borne EM's back this week. FNC has no plans to do a PP anytime soon, which I found a little suprising. Once the air-borne's are in they plan on setting up a drill plan shortly thereafter. As of yet no drill rig has been hired. When I tried to pin point a timeline for drilling all he would say is soon. I asked Smith about drill targets on FNC land and he said he had already picked out the choice spots and was ready for the drill. He still claims NOT has 1/3rd of the Double Eagle discovery and FNC has the other 2/3rds or the main body of the discovery so to speak. He says from the EM's the discovery goes down in depth near the FNC-NOT border then surfaces on FNC property. His words were NOT has the feeder zone and FNC has the main body.
Asked Smith if he had heard about PRB's news and he said yes, he had heard and he thought it was interesting and he wished them all the best. He also stated that many of these EM anomolies that we will be seeing in the near future will have no mineralization. On that thought he said however many in the area will be mineralized and that this McFaulds Lake discovery is in the very early discovery stage and there will be many, many discoveries in this area before all is said and done.
Good luck to all the McFaulds Lake investors, we live in interesting times !!! Al