Ann: PNG Project Sale, page-19

I agree with those points.
Realistically when a company has numerous directions it could head in which is what FNT has done with the gold ,lithium/ ree potential no doubt they would have factored in the best potential economic outcomes and decided which they would prefer if they had to drop one out so that’s what they seem to have done. It’s quite usual to see companies divest assets that they believe may not deliver economically as well as other assets. On the comparison scale maybe gold didn’t add up at that tenement compared to ree/lith potential.
No doubt the board will adresss the concerns shortly.
Perhaps they were waiting to confirm some potential
drilling results for ree or lith to divest the gold asset. Obviously this has been in the pipeline for a while .
Interesting time to announce the sale on Friday night when it’s in a trading halt .
Drilling results must be good
Anyway that’s just a bit of a guess as to what they may have been thinking, reading between the lines.
Anyway I’m all for no gold particularly there and ree and lith focus.
Just a few thoughts I had on it .