Short Term Trading Week Starting: 1st Aug, page-29

STTCOMP FRC, FA LONG
MC $4.5m  SP 2.5c  cash $1m

Aside from the fact that it does not need cash in the very near future and there is not much HC chatter about it

- holds neighbouring tenements to Evolution (EVN) - capped at just under $4 billion, these were actually owned by EVN and relinquished by QLD government (Red is FRC and Blue is EVN)


- A couple of the Board and management team are ex Conquest Mining guys, which was half of the merger into Evolution , so they would know and understand the grounds quite well. Also quite confident that their grounds are similar to neighbouring Evolution in terms of what is underneath


-Rock chip sampling has brought back high grades


- according to their 5b, FRC has committed $300k to exploration this quarter, last quarter was only $4k, so they are getting serious now that gold is in favour.

not every day you find a $4m market cap company in possession of neighbouring tenements that once belonged to a $4 billion dollar behemoth, with ex management on the board, similar mineralisation with $300k committed to exploration this quarter.