RE:RE:FCU 2016 Winter Drilling Program Reveal @ PDACGiz, I strongly disagree. There are some highly prospective targets yet to be drilled out and plenty of blue sky potential still in FCU.
The deal with the Chinese was a positive. They are a cornerstone investor with access to vast amounts of capital. When capital markets tighten explorers quickly find themselves in difficult situations.
I was involved with a copper explorer sitting on a massive deposit by global standards but with a $1B Capex requirement. It's SP has been decimated through an inability to find a backer and then anticipation of heavily dilutionary capital raisings. It has an NPV of $400m, it's market cap is now at $10m. Investors won't touch it and the SP keeps dropping. It's a death spiral for management and a dream for private equity vultures. Cash is king. FCU are in a very good position going forward. GL