GREY:FNKLF - Post by User
Post by
squidlyon Mar 22, 2005 7:41pm
187 Views
Post# 8794741
nice position to be in!
nice position to be in!Just picked up a nice position in fni...lots of money in the bank...good management and a very good strategic partner in FL who know the sudbury basin. Remember this is the FL exploration group that found the nickel rim south deposit and mine.
Reading the deal the only money to be spent by fni is exploration dollars...vested interest is only achieved when they find something...50 mill pds nickel I believe. The $2 million payments only need to be made at the point where they will know the future...
Great deal for both sides...FL gets the exploration $ and FNI get a major partner and the opportunity to turn into another Fort Knox if everything works out as planned...
Won't take long for the market to view this partnership as a real solid JV!