RE:News ReleaseAnyone else wondering when the next assay results will be announced ?
it's been over 2 months since the company has reported any drill results ...what's going on at Lauriston ?
All well and good to increase prospective land packages, but since the last assay results were issued, the company has gone from "almost $30 million cash on hand" to the current "in excess of $25 million" .
$4 - $5 million buys alot of drilled meters. Moormbool results "should" be out in the next couple weeks, if the 7-8 week turnaround time is accurate. Keath's Reward and Golden Mountain results following a couple weeks afterwards .... but again, what's going on at Lauriston.
Big salaries, big payroll for FSX. By comparison I have a decent position in an exploation company that only has 20 million shares O/S who's CEO currently pays himself $2000 per month, the company already has a known historic +400 million pound molybdenum deposit and is reporting staggeringly high sampling results for silver (a recent news release reported in ~350 oz per tonne) Anyone been watching moly prices lately ?
Currently holding a decent position of 40,000 shares of FSX, and fully expecting a steady flow of news in coming weeks and months, but getting a bit frustrated with the lack of assay results in the past two months. Those people who bought into the $4.00 private placement last July haven't had much to write home about, at least not yet ...
;-)
GLTA !