ok tedi gears up for frontier jv projects, page-8

Lets not forget, that we are getting readings over 7 squared km?s from the induced polarization. That is a bloody massive area.

If gold is found in our drill cores once sampled, we could be looking at a world class gold deposit with HUGE tonneages.

Im not from a geo background, but could anyone estimate what range of tonneages we could be looking at? Im assuming over 10 million would be conservative considering other company land holdings and their size of their strike in PNG? 7 squared km?s is not doubtly massive, and that is why we should have this 100% owned, and that?s what makes FNT so attractive, because if we do hit, watch the market start valuing our company based on estimated tonneages and struck grades. The gd thing about it is that, if your dealing with such large tonneages and the gold price as it is now, the NPV will be a monster and any capital requirements would seem insignificant and more than justified.

Take a look at Ampella (AMX). I believe they have an exploration target in excess of 2 million tones at a decent grade. They have similar geographic, political and other risks, but there market cap is around $450 million and they are far from producing if im not mistaken. Now, FNT could (and I do say could) be on a resource multiple times larger than AMX.

Just something to ponder.

DYOR