the locals are keen to earn anything, so trenching, etc is cheap for the company. drilling, well that will involve some serious tracks to be built, unless they can chopper the rigs in... dont think so though.
So all in all, drilling will be a time consuming task, and will cost a few quid.
I think you will find that these initial results will be sufficient to encourage the proposed JV partner in, which is really what this exploration is all about. FNT have little cash, so they cannot afford to continue drilling endlessly in greenfield areas.
I would expect that we here some good news on the JV front, then we see where they go from there. If they score some cash up front we might see drilling in the near term.
time will tell!!
p.s. i think the results are well worth announcing. any company would release these in the same situation as FNT.
- Forums
- ASX - By Stock
- LNR
- Ann: 27m Grading 66.8g/t Gold, Bulago, PNG
Ann: 27m Grading 66.8g/t Gold, Bulago, PNG , page-21
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $3.09K | 897.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 550558 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 21933541 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 6236671 | 0.003 |
54 | 57069228 | 0.002 |
18 | 80923078 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 21933541 | 24 |
0.005 | 10578157 | 13 |
0.006 | 18274224 | 16 |
0.007 | 4911573 | 12 |
0.008 | 25970000 | 9 |
Last trade - 15.08pm 27/09/2024 (20 minute delay) ? |
Featured News
LNR (ASX) Chart |