With the tantalising prospect that FNT will announce a "maiden" JORC resource estimate for Saki within the next week or so, and given the very strong close yesterday, (and as long as all hell doesn’t break loose in the Ukraine in the meantime) the FNT SP looks like it could very soon resume its upward trend.
Since February 7th, the SP has been in a strong downtrend, mainly caused by the Ukrainian Russian related tensions i.e. investors obviously thought that this was a good time to take some quick profits on FNT.
Given that the Gold and the Rare Earths prices remain at very elevated prices, and given that FNT’s Tolukuma tenement has now been officially renewed, and also given that FNT’s immediate neighbours at Gascoyne and Murraydium have both announced very positive developments in their own projects, the overall outlook for FNT looks very good indeed.
GLTAH.
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