Poly

The airborne was done by same firm for entire region - NOT and FNC each paid their own costs... matter of fact FNC incurred more $$$ to do a 50M spacing AND North South grid lines as well.

Ground work is being done by Billiken - same firm as NOT

The reason that they co-operate is for mutual benefit in the end... Noront's plan to deliver the McFauld's Lake area to a major requires that more work be done and JV's are essential to get the $$$ AND DEFINETLY WILL NEED TO INCLUDE Fancamp's Claims.

Remember - NOT is valued at 500M and Fancamp is 50M - 1/10th the value.. and per Kaiser - Fancamp has the octopus body and NOT is one tentacle.

Obviously his analogy but based on info from Peter ... an old timer that has been around and can read maps with the best of them.. he is risking his $$$ along with Sheridan to do the drilling and prove up a value of at least 1/2 of NOT (that's 10bucks a share) and most probably the same value as NOT - all fancamp has to do is pull a similar hole to NOT #5 and we are 20 bucks - is that likely -YES since the maps and geology are screaming it...

After they hit - Then would be the time to JV - but don't hold your breath... Sheridan is not the JV type and will certainly max the value for FNC shareholder's - the majority being his pocket!