i picked mgo now i pick fnt

Guys I'm not sure whether its coincidence or because your copying me but I was one of the first to pick MGO, I'm not beating my chest but just find it interesting that you guys played MGO and are now punting FNT

Anyway here is my research "direct from the horses mouth" as they say

Current JORC is [email protected]% CuEquiv

New JORC is due early June, it will include drilling such as 2 x [email protected]% Cu Equiv

Now last year they did a scoping study, using a $2.80 Copper price and a $640 Gold price (USD)

It showed a 120Mt deposit @ 0.5% Cu Equiv would have an NPV of $500m USD = $625m AUD = about $3 a share FNT

A 200Mt deposit @ 0.5% Cu Equiv had an NPV of $1 Billion USD = $1.25Billion AUD = $6 a share FNT

There are risks but there is clearly alot of upside here,

Please note that firstly their is some negative sentiment as FNT's Kodu is near Kokoda trail and secondly the project is in PNG, however same negative sentiment was there for MGO when its SP was 20c and opies 6-7c about 1 month ago and look at it now


I hope new JORC is about [email protected]% Cu Equiv, or better yet [email protected]% Cu Equiv, I'd expect FNT to advise the mkt of the NPV value of the deposit based on previous scoping study