Welcome Dave
Many valid points, I would suggest going back through the old reports.
But in regard to the language of the report in Andewa, the exciting remarks were not made by the MD, but by the consulting company for the analysis. FNT was simply reproducing what the 3rd party report stated. Though the MD was very excited with the remote and therefore this was evident in his language. You must remember the MD and his family are heavily invested in this company and therefore are passionate and driven to succeed which is what you need in the management of juniors.
They have done some drilling in Andewa, with grades of 10.97 g/t Au, but as it turned out from the IP report none of the drills were near the detected anomalies in the halo area, hence the strong interest.
Also Andewa is not the only project currently being developed/investigated, with Ok Tedi and the tasmanian leases also underway. So not a one trick pony.
The drilling will commence at Andewa before any SPP which according to the MD, they'll be on the ground as soon as the rain stops this month (February). Thus hopefully the SP at the time will minimise dilution with maximum increase in capital.
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