You assume too much Donkey, I stated Marc was not FCM's geologist, not that he was not a geologist by profession.
Personally I prefer my CEOs in exploration situations to have technical capability. Nothing worse than a CEO who cannot lead his own company on the main thing that matters I.e. finding the metal without having to 'consult' a third party opinion to make his or her own one up.
What a strange remark, you ever spoken to him Donkey or got any other reason for this suggestion other than him possibly being honest in one of the many interviews delivered.
Personally always thought he comes across to be very capable, driven and not 'just a geologist' which he isn't by the way for FCM if you knew anything at all about the company.
Would be good to see why you have come to this conclusion, differs greatly to others I have spoken to and feedback given to me.
Just remember, Marc and Bruce at EGS have over 9m Oz Au discovery between them, I think Sunbeam could be the next:
Sunbeam Property historic core review
Whilst a review of the Nuinsco core was previously conducted by FCM through Emerald Geological Services (EGS), the identification of reportable gold values in the host rock - a felsic porphyry, has significant upside for a radicle re-rate of the potential for additional mineralisation on the Property. Accordingly, after exhaustive searching EGS located the TerraX core. TerraX undertook several short drill campaigns over many of the prospects on the Sunbeam property.
Background:
In 2010, TerraX drilled five diamond drill holes (SP10-01 to SP10-05) totalling 661.5m in the Pettigrew area. The first four holes targeted chargeability highs from an IP/Resistivity survey, results were anomalous but not 'high grade'. The main structure was not drilled.
In 2011, TerraX drilled three holes (SP11-06 to SP11-08) spaced 50 m apart along the trend of quartz vein system and the mineralised zone encountered by Nahanni, the 'Road Zone'. (In 1982, Nahanni Mines drilled an intersection at the Road zone of 4.8 g/t over 8.5m, including 15.8 g/t Au over 1.8m). The alteration zone in TerraX hole SP11-06 returned an intersection 1.11 g/t Au over 13.90 m.
At the WN12 occurrence, early 2012, three holes (SP12-14 to SP12-16) were drilled. The first two holes tested the 65m intermittently mineralised stripped outcrop with hole SP12-15 intersecting 18.0 g/t Au over 0.95m in the footwall zone.
At Roy, two holes, SP11-12 intersected 4.01 g/t Au over 1.85m. SP11-13 intersected 1.05 g/t Au over 3.78m, see figure 01.
A white board with a sign on the top of a staircase
Figures 01, TerraX core from the Roy zone showing gold grade in the porphyry 'wall rock'.
The stripping at the Roy zone reported high grade gold intersections as well as gold in the porphyry, highlights previously reported:
· Results from the stripping at Roy have confirmed high grade gold assays up to 18.8 g/t gold (Au) / 0.3m channel sample at Roy.
Other highlights include:
· 6.27 g/t Au channel / 0.35m in mafic schist with quartz veinlets;
· 4.98 g/t Au channel / 0.5m in sheared porphyry; and
· 5.58g/t Au channel / 0.5m within a quartz vein.
The total number of samples for assay (with blanks and standards) will be in the order of 90+ samples, over 80 being new half core samples
The Sunbeam project is one interesting me, always liked it and hope they do not sell it to the 79th Group. The potential here is truly 1m Oz Au+. large scale project next door to a major with now what appears a secret being unlocked in the porphry host rock.
If these samples from the Sunbeam Core run it will be like having a new drilling campaign for a fraction of the cost with what hopefully delivers the results which moves this project to the next stage of economic deposit
Two insignificant properties for £270,000 does tend to prove the model, on that basis I would say Sunbeam & North Hemlo are worth 10x that, they are ten times larger and are 'district scale'.
Zigzag also holds a known potential meaningful lithium deposit.
then you have 400,000 Oz of gold at the new property
It is a big positive, I am not disappointed with the amounts etc or the assets they have sold.
This looks a decent move, got rid of two assets which I do not think would be a major focus going forwards, recently bought two more for considerable less and have the 'core' portfolio intact with no dilution and £500k coming into the bank.
Company got around $500,000 from canadian grants and exploration tax rebates earlier this year so all in all I see this to be a positive.
Maybe next sale is larger asset? Company performing with the job in hand
I would say the communication looking back over the RNS's for two years has been exemplary, everything that's happened has been communicated and shareholders have been well and truly kept in the loop for all aspects of the business.
This suspension is now at the stage that I would like an update but to state the BOD are not communicative when you can clearly see the output from official channels and PR media is a tad off the mark