Ann: Saki Final Trench Sampling Results Including 1m @128g/t Au, page-117

Hi MrBernanke,

I would also suggest that FNT are still very good buying at current levels, particularly now that at Saki, FNT now have a confirmed and minimum 128,000 ounce gold resource.

As I have just pointed out, every ounce of gold that FNT has „in the ground“ is now worth A$50 to FNT i.e. this is the NPV amount (after tax). Therefore, as I write, their 128,000 ozs of Gold currently has a NPV of A$6.4 million.

Having said this, anybody who thinks that Saki will only contain 128,000 ozs of Gold is missing the bigger picture and really should read FNT‘s announcement again.

In addition, once FNT have completed all of the drilling at all of the zones at Saki, not only will they most probably have a total resource at Saki (alone) of at least 500,000 ozs, once they have a „proven“ JORC resource, the „in the ground“ or NPV will be ca. A$200 an ounce.

In addition, FNT also have their highly prospective Kimono, Taula and Kunda prospects at Tolukuma, which could contain ca. 500,000 ozs of Gold each.

Finally, with the TGM mine and mill being right next door, FNT can simply deliver their ore to the mill, which is a major win win situation for both parties. Indeed, the NPV of FNT’s gold may actually end up being far higher. Having said this, it is still far too early to make any calculations in this direction.

And then FNT have Gascoyne, but that is another very compelling story that is also about to unfold.

Wishing you good fortune!