Talked to the CEOI just got off the phone with Peter. "very excited"
1. Sheridan Platinum Group own 20% of the shares of FNC and he holds about the same. Only abouy 15 million shares are traded.
2.The property is 100% FNC owned less a small royalty to NOT. Nemis had sold it to FNC and Probe did not exercize its rights. The property is in "good standing".
3. They have about $1.5 in the bank.
4. Not interested in PP at the moment, although they have been approached by a dozen + brokers.
5. Will look at Shareholders Rights Plan.
6. The big boys have been around with enquires, eg Freeport etc.
7. He said according to Geo maps, and airborne studies from the 2003 2004 the location of the NOT 200 meters to the north along with strong magnification there is compelling reason to believe that FNC has the same mineralization.
8. He said, and I quote. "we are the elephant in the living room" meaning anyone want the Not resource has to go through our land.
9. He said the Directors may get some options, however when fully diluted with everything excersized we will have at most 28.5 M shares.
10. He also mentioned the our market cap is around $52 M and Not is over 500 million.
11. They are on site however they are letting NOT do the defining for now. The land is not going anywhere.
12 They participated with NOT in getting new arborne mags over the weekend so we should see the results soon.
I hope this helps you all.
Cooper