FSX - the best is comingFrom today FSX Management Discussion and Analysis:
While the Company is active on the ground via the drill campaigns, it will also continually assess how to best maximize shareholder value from other projects within its portfolio via corporate activities such as the announced spin out transaction proposed for the Avoca Project and Timor Project. The Company believes that the large strategic land position of compelling projects it has acquired in Victoria will present multiple opportunities to identify and assess transactions that can potentially benefit shareholders going forward. The Company will also continually assess new projects available in Victoria through the exploration tenement application process and also projects owned by other corporate entities. The Company’s experience in Victoria and strong cash position puts it in a good position to expand its land holdings if the opportunity arises and therefore ongoing project identification and assessment work is occurring. As the Company has no source of revenue at this time, it will continue to deplete capital to operate its drilling programs, fieldwork, office and administrative expenses and continual investigations of new projects and opportunities.