fact: mkt cap 10mil npv 600mil

So back on FNT

The facts are simple

1. FNT's mkt cap is $10m - $12m

2. KODU currently has an NPV of $600m+ with more to come

3. A new jorc is due soon

4. Kodu is near Kokoda track and so FNT is being discounted heavily for this but I feel $10mkt cap vs $600m NPV is unjustified, moreover the In ground Value of Kodu is $4Billion (Source FNT web site)

5. Kodu is but 1 of 3 projects with the others looking as promissing

6. Teck Cominco have an option JV with FNT

7. Most active explrers carry a mkt cap of $15m let alone those with JORC deposits

8. From a technical point of view 12C is celar support so downised is minimal

Thats about it,

Again yes its risky and spec, but so was YML at 16c and YMLO at 3c, or MGO at 20c or MGOO at 6c, or JMS at 10c or JMSO at 1-2c or HLX at 10c or HLXO at 2-3c

So what I'm saying is even with all this risk the company deserves to be re-rated and it will, its just a matter of time, given the new jorc is due soon, I'd say sooner rather than later.

p.s. 0.5% Cu Equiv seems to be the avg for large ie 500Mt global deposits, Kodu does have someway to go, but hopefully grade can improve