Video relevant o FNT, page-19

FYI, I topped up again today.

There are obviously still some investors left out there who are still selling out after the sudden Forise pull-out in the middle of last year. That said, at the close today the buy/sell ratio looked quite attractive again. Yesterday, and early this morning, it looked bloody awful.

I wonder if Rio Tinto might like to pick up FNT on the cheap if the results of the current Tolukuma field work show great promise? My SP valuation is 3 cents (based on FNT having 300,000 ounces of Gold "in the ground" at Tolukuma). On top of this, FNT currently have around 5 million cash in the bank, which is worth another 1 cent per share. Therefore, if Rio were to take over FNT, IMVHO they would have to offer at least 4 cents a share.

I am expecting an announcement about the results of the current Tolukuma field work in 2-3 weeks. This announcement will finally give us all the first real indication of how large the mineral reserve at Tolukuma really is.

Cheers.

Please note: Every post of mine is my own personal opinion. Every reader and/or investor must do their own research. This post, and indeed all of my posts, do not provide tax, investment, or financial advice. The information in all of my posts is presented without consideration of the investment objectives, risk tolerance or financial circumstances of potential and/or existing investors.