Ann: Appointment of Non-Executive Chairman, page-64

IMHO FNT are currently travelling very well indeed and I expect this to well and truly continue.

I would suggest that events over the next few weeks and months will answer the majority of your concerns. Having said this, IMHO having so many highly prospective tenements is a very nice problem to have.

At the moment FNT have enough cash to progress each of these prospects further in order to establish which one’s have the best chances of success.

I am sure that David Frances, who has only just started at FNT, will quickly prioritise these prospects and therefore use FNT’s cash very wisely, including raising cash in the future for them as and when required.

IMHO, FNT is an explorer and not a miner. Therefore, if there are any future capital raisings, they will be relatively small i.e. FNT will be looking for JV partners with the necessary mining expertise and capital to do all the heavy lifting for each successful project.

Cheers.