Ann: Trading Halt, page-10

The announcement mentions a suspended gold mining operation/ project. In my opinion this does not fit the bill for Torgue. Maybe Andewa?? What it does do is make me the most excited about FNT I have been in too long to remember. Firstly this means that FNT will likely be getting essentially something for nothing. If there is a JV, even if the other firm has 80%, it likely means they are paying for everything. That is soooo much better than the inactivity we have been seeing recently. 20% of potentially something is better than 100% of nothing.

In addition and this part I am not certain of yet but is hoped for. I know that Peter will be seeking to provide a drilling service for the JV. That means he will try to rent out his rigs and crews to the JV as he has done in the past with Newcrest at Andewa. By providing a service like this it also means he is raising enough cash to fund his own drilling on the side. If we are lucky we could for instance see Peter providing three rigs to support the JV while employing one rig to support our own drilling program (I believe we have four still). We could potentially see out own drill program funded for years. Obviously I don't know the details but the potential is enormous that FNT is about to get back on its feet and be back into a major drilling program if all the ducks can be lined up. A good announcement of a JV with FNT doing the drill work on a commercial basis could see out sp go to ???? 3, 4, 5 cents. I am holding my breath and crossing my fingers.