I am not a fan of FR anymore. When every exploration technique under the sun has been used by a plethora of companies and all that turns up is despair, it is time to move on. Especially when looking for sulphides and using EM does not work, or should I say a finder of deep low grade graphite.
The capital markets are terrible. A resource company with $1m in the bank is considered wealthy and looking for deep targets is just not feasible. (Winward have spent $8m and got nothing).
Time to get back to basics. Shallow, high grade, cheap to drill and define, near infrastructure and low CAPEX.
I have been looking on GEOVIEW (DMP online GIS program) at Ram's new project in the Kimberleys just north of Buxton. Looks like Ram have a lot more than Buxton does. The VTEM worked for Buxton so I expect it will work for Ram and at least some of the 17 anomalies will become something. Will be good to see what ground EM comes up with.
Overall, Ram has moved very quickly with this and got better results in no time. Just unfortunate the wet season is coming and probably not much will happen in December to February.
Fingers crossed and good luck to all holders. I think the Kimberley may save the company.
CPB-DYOR as the above is my opinion based on reading.
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