Ann: Fraser Range North Gold Project Update , page-6

I think your logic is wrong Volcano87, those who have bought this stock from it's low of 8.5 are well healed long term investors who are backing the management team to deliver on a number of fronts (my broker called the company and was told that a well respected Sydney capital group has been accumulating the stock).

Time will tell, but with the gold price strong and a tailings operation that is providing a near term production cash flow, or a trade sale if they want the bird in the hand gives investors a solid base to build on.

My tip is the Salmon Gums project will be the company maker and who knows what these ex Placer Dome guys can access project wise around the world, they have the connectability and the runs on the board with 15 million oz discovery history on their combined resumes.......I wouldn't bet against them!

DYOR

Eyeknow ;)