Ann: Diamond Drilling Underway at Ironbark East, page-18

Bought in Wednesday and think my biggest regret here will be not having bought a bigger position.

There are no safe bets at this stage of an exploreco's development. Risk, though, is lessened by having multiple assets to explore -- all in a safe political jurisdiction. Specifically, the "largest land position" in Victoria's Bendigo Zone, in a world class Au region! (Does this may make FAL a regional player in an eminent/proven Au district. (The share count and trasury also provide the confidence that the sp can ascend unemcumbered.)

The trading since the "Valentine Sweetheart" release has shown a sort of rerating since; it's the sp traction, and not a spike, confirming FAL's on its way for me.

Yes, there is great risk. But, I think (not hope) that the greater risk is to the upside.

OV
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