89M FP shares~A$10M market cap @ $0.12 Cash $0.6MTotal resources...

89M FP shares
~A$10M market cap @ $0.12
Cash $0.6M
Total resources
26.7Mt @ 1.7 g/t for ~1.5Moz (multiple deposits)

Plan is too achieve production from high grade area's within total resource via toll treatment (see releases), possible A$12-30/M cash flow.

Really a play on management and their ability to achieve this plan at some point this year, if agreement is signed for toll treatment could easily see multiples of current sp. Directors have significant interest in the company and options well out of the money.

Directors intestests;

Andrew Viner
2.65M FD shares
3.7M options @ $0.35 and $0.5/share
.

Paul Poli
7.75M FP shares
7.75M options @ $0.35 and $0.5/share


Good support at 10-11c limits downside