Fathom Nickel Inc C.FNI

Fork

[hankhenry44]

Put a fork in it. These results have pretty much killed the AlbertLake Project. Management failed by not having a good secondary target at least come up with something of note. Huge failure. Disappointing.

[Crashcomingsoon]

I agree.  I don't think they will find much at Albert Lake. So many were excited about the prospects at Albert Lake.  What will Matthew say about Albert Lake after these drill results ?  I remember Quinton Henley saying that Fathom was going to "shoot the lights out" based on their initial results from Gochager and they may still do that, but it will take time.

[hankhenry44]

Quinton, super smart geo, absolutely loves this Albert Lake project. Thought it was an analog to some Australian deposit that got bought out for over a billion$. No such luck. Quinton has been on a cold streak lately, pumping FNI, Condor, Eskay, Barksdale and Condor. All are down pretty hard. BBB and cc are down and there are others. Tough market so you need good drillresults or down you go.

[megacopper]

  Yes Quinton Hennigh was very positive on the Gochager property. There is a lot of nickel kicking around on both properties. Although investors are quick to write off properties based on just a few holes I still think there is a large magmatic source of nickel at Albert Lake but management did the right thing and pulled the plug on it before spending too much money on that one deep target.

[hankhenry44]

Thanks. Very informative post. So raise more money, carry out the appropriate advanced geophysics and drill the best 2 or 3 targets?

[megacopper]

  They are currently drilling at Gochager. They don't need more money at the moment. They just raised $4.5 million and they had about half a million left over from the previous financing. So before they started drilling this year they had $5 million in the kitty. So they are looking much better financially this year than they were last year when they ran out of money.  This

[Crashcomingsoon]

I agree.@ I don@t think they will find much at Albert Lake. So many were excited about the prospects at Albert Lake.@ What will Matthew say about Albert Lake after these drill results ?@ I remember Quinton Henley saying that Fathom was going to @shoot the lights out@ based on their initial results from Gochager and they may still do that, but it will take time.