I think you are bang on there, NSR (Bill) were always vocal about how much they like spending on drilling. Even drilling existing deposits like Melville FFR managed to add ~60k Oz in resource from ~6k of drilling. By that logic 30k of drilling this year should yield 300k Ounces on top of the 200k they have just announced. Continuing to pick up ground that is throwing out nuggets like the last announcement is always a good sign too.
FFR Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
