RE:RE:Could FNI be the next CNC$50M in the bank is an embellishment.
They were virtually tapped, raised $44M, andd immediately used $13M to pay off Auramet.
Throw in the Textmont closing and some opex since, and I'd be surprised if it was $30M in reserves.
EndZonefor7 wrote: If it's on a smaller scale then it can't be compared to CNC. FNI has a million and half dollars and declining and over 100 million shares out already (with warrants)at 18 cents. You'd be at 300 million shares out to be compared to CNC's drilling, PEA, resource report, strategic alliance with Anglo and $50 million in the bank and a FS in the next couple of months. Please pump somewhere else.