fraser range metals group new player near sir, page-10

Great timing for a new company launch, should fly out of the blocks.

Matsa, Bux, Sri, Ent have all gained from Sir nearology.

They should have no problem finding funding for exploration.
Some info on FRN:

14,487,142 shares on issue.
19.8c share (consolidation)
Vtem done & clearances already approved

2.8mil mc

Est Exploration costs from AAQ annual report :

Geophysical targeting studies
$30,000
Track and drill site preparation
$40,000
Aircore drilling, supervision and assays
$200,000
RC Percussion Drilling, supervision and assays
$300,000
Diamond Core Drilling, supervision and assays
$400,000
Management & Logistical support; reporting, etc
$85,000
Total
$1,055,000