FRV
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10.7% 2.5¢ fall river resources ltd

undervalued junior oiler

  1. butcherano
    1,674 Posts.
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    04/05/07
    12:14
    Post #: 2419249
    Anyone follow Fall River Resources at all?

    They've got 15% of a drill that will be completed this month on a 100-200 BCF prospect in Colorado. Secondary targets have up to 15mmbbls recoverable oil.

    Just done a placement at 7c with one free attaching option excercisable at 10c in 2 yrs.

    Market cap of only A$5m. Success this month could push their market cap up to around the A$20m mark imo.

    Followed up by more drilling in July for a high value and low risk gas play in the Baxter sands in Greens Canyon.

    Great entry at 7c with the free oppies.

    DYOR.

    Cheers,
    Butcherano.

    FRV Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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