Ann: Heads of Agreement to Acquire 80% of Gold Ridge Mine/Project, page-7

Nice work by FNT... having a quick search on this mine seems that St Barbara paid the old owners approx. $600-700 mil for it in 2012... seems a case of big miners do not necessarily meaning good managers within local politics as it looks like they pumped money into it but to no avail...... nice move to get in with the local landowners who should now work with miners not against them......one thing Fnt does is work well with local land groups. Also seems the local land owner group paid St Barbara $100 for the mine.... So in effect FNT got a mine worth $700 million in 2012 for $80...... !!!!!!!! Also seems there is more gold to be found... At last FNT can drill in a area where there is a known deposit...... bring it on!!!!