How many red hot opportunities do you get in your life that this JORC measured resource should not be seen for what it is, an opportunity to return the shareholders who were lucky enough to get in at 20c, a massive (although not guaranteed) result.
FRG were floated without a specific project, and whilst sharing a common directorship with Lynas, the chairman has been able to bring to the table one of the better prospect seen for quite some time, in a boutique area of rare earths. Compare that with some of the hair-brained greenfield projects that most companies float with, and I say good luck to all of you. I hope it keeps easing off so I can take advantage.
The May meetings will soon determine whether the shareholders like it or not.
FRG Price at posting:
$1.05 Sentiment: Buy Disclosure: Not Held