Foundation has consistently come up with good drill results for the past year. Good intercepts in a politically stable area of the world. It took someone of James West's calibre to finally put this on the map. Within 2-3 weeks, we will have our resource calculation, which should be about 1million ounces of gold - mineable gold. The recently completed report by Fundamental Research suggests that this will eventually be at 1.76 million ounces of gold. But that does not include Iris Lake or any of the other areas that need to be explored.
At the moment, there is alot of excitement about Iris Lake. Don't forget that we have a good drill intercept in the last round of drilling (27 meters of 3+ grams per ton). Now we have visible gold in the latest drill cores. These are in for assaying at the lab. Don't think they have results back from that yet, but you never know.
If you value (as others in Ontario are) the resource at $65 per ounce insitu, even at 1 million ounces and our 60% thereof, we come to approximately $1.00 per share. With James West backing this, we can certainly get there.
Congratulations to all who bought during the scary times and paid attention to the fundamentals of this.