OTCQX:FSXLF - Post by User
Comment by
Kn0wNothingon Aug 05, 2020 5:35pm
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Post# 31369376
RE:WILL BEECHWORTH GOLD PROJECT BE THE NEXT SPIN-OUT COMPANY
RE:WILL BEECHWORTH GOLD PROJECT BE THE NEXT SPIN-OUT COMPANY"The Company also agreed to incur AUD $130,000 in exploration expenditures on the project within 90 days."
What does that mean? Drilling? If so where is the company going to find a third drill from? If it can't find a third drill, and I believe that's a problem, does FSX have to redeploy an existing drill from GM? I don't undersatnd the rationale of this decision. Really hope they are not going to redeploy an existing drilling team currently at GM. I appreciated that AUD130K is not a lot in the wider scheme of things but why focus on a new project outside of the Selwyn zone? One of the best rules of business, stick to what you know best, do it well and don't over stretch yourself. Comments welcome
Kn0wNothing - Very long FSX and perplexed by today's news
LOL to all.