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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Anomalies and my bet

Which ever company we are talking about, a significant DE type hit on an anomaly will boost them to 10x almost immediately. That holds true for any of the companies in the area. If the argument is whether we get a 10x vs a 15x out of the same type of 'hit' it will come down to specifics about market cap, fully diluted share #s, JV % ownership, ownership of each other shares for the specific property it hits on. The devil is always in the details so dig into them. My biggest concern was to pick the one that I think would hit. If I know which would hit I’d be more worried about optimizing my return.


I bet on FNC and PRB for proximity but I came within a hair of buying Freewest and Spider because they also have a good story. I put orders in for both but didn't get them before they moved past what I was willing to pay. When I think that we are shooting for 10x return or better I should not have got caught up in $0.12 vs $0.13 or $0.38 vs $0.44 but I did so I don't own any and good luck to those that do. With my buying over the past couple of days I’m down to spare coffee change.


No doubt that whoever is drilling will attract the most attention in the short term and be the subject of the most opportunity for 'playing' the stock. Just like no news inevitability leads to a price drop. So yes there will be opportunity to move from one to another. I know a lot of people do it but it’s not my approach. Whoever hits will be the real play.


PW-- as to the hit it was over 10m of 1/2 oz AU in semi-massive arsenopyrite stringers about 40 miles west of Pickle Lake Ont at the south end of Dobie Lake. We drilled it above and below plus several directional offsets but never intersected it again. I checked out the claims a couple of months ago and they are currently being re-worked. I hope their geometry and luck is better than mine was. I still have a piece of the core in the basement somewhere. If I find it I'll send you a photo.


... Been There

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