Hi Guys,
I am as big a fan of FNT as anyone else on this forum, but you cannot compare what Newcrest paid for Lihir to FNT.
Newcrest paid $9Bil for a 48Mil OZ Gold mining company that is "producing", regardless of how many ounces FNT have inground it will still be years before production gets underway, and with Lihir being on an island the set up was probably easier to what it would take to setup a gold mining operation on Andewa*.
And remember there will no doubt be further Cap raisings to get there, so I would start coming up with a price of what FNT shares would be worth if they have a Lihir sized resource.
I do hope drillings not far off though!
Kind regards,
Spartn
Hi Guys,I am as big a fan of FNT as anyone else on this forum,...
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