j v partner, page-2

good point

it appears that the guy from fnt, was also a director of south pacific minerals. anyway from the net, watso got the following

"The Company's flagship porphyry copper/gold project contains an Inferred Resource of 750 million pounds of copper and 1.64 million ounces of gold in 85 million tonnes of rock grading 0.4% copper and 0.6 g/t gold. Diamond drilling is on-going with the Company's own rig and there are >570 sq.km of gold anomalous drainages, with numerous epithermal gold and porphyry copper/gold targets to follow-up."

it appears that bhp also walked away from it ( i presume) . the following is of interest

Current Inferred Resource of ~85 Mt of 0.6 g/t Au + 0.4% Cu was calculated by BHP (750 million pounds of copper & 1.64 million ounces of gold).

Deposit is open in several directions and at depth, with excellent potential for increasing it.

Only 11 holes drilled for ~3,680 m (8 terminated in mineralization)

Results such as BND003 - 184 m of 1.00 g/t Au + 0.31% Cu (42 to 226 m dh) and BND004 - 401 m of 0.56 g/t Au + 0.51% Cu (entire hole).

Trenches include 110 m of 1.25 g/t Au + 0.1% Cu (leached cap).

anyway, it is strange that from being a "flagship project" to being dumped, even though it has a huge npv, seems a bit strange

anyway, watso wishes all fnt holders the best of luck, and hope that they make a motza out of it