I agree, although FNT‘s two Gascoyne tenements, particularly Lyon, should really only be compared to HAS‘s Yangibana REE prospects, which are all in the immediate vicinity.
IMHO (from what I have discussed with my two geologist friends, which is based on what we have read from both FNT’s and HAS’s previous announcements etc.), FNT‘s impending metallurgical results from Gascoyne (due out tomorrow?), could well be far far better than what HAS originally discovered at Yangibana. In fact, FNT’s impending metallurgical results may also contain some additional and very positive surprises.
If I/we are right, HAS, (as well as a whole raft full of investors) will definitely be paying very close attention to FNT’s very extensive and highly important upcoming drilling program at Gascoyne, which looks set to kick-off in May.
My take is that my above view is shared by many investors, hence the very solid performance by the FNT SP so far this week.
Indeed, I expect this very solid SP performance to continue i.e. from now until the aforementioned final assay results from FNT’s extensive drilling program have been announced (probably in late June?).
Obviously, if these final assay results are extremely encouraging, the SP is highly likely to strengthen further.
Cheers.
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