Frontier Resources in the news and new maps of New Britain

There is an announcement today from FNT. Basic points include:

• Multiple, areally extensive and strong copper and gold anomalous soil zones have been demonstrated in grid based soil sampling

 which leads to

• Joint Venture partner OTML have indicated they intend to move to 'Advanced Stage Exploration' on the Bulago EL and a 5,000m drilling program with 2 rigs from about mid-April.

Also, it is featured in a small write-up in The Australian newspaper as follows:
PNG copper belts
ANOTHER reader sent some interesting maps of New Britain island in Papua New Guinea, which show three major copper belts crossing the island. There are several Australian players active on New Britain, and two of them had news during the week.
Frontier Resources (FNT) has lodged applications for another 2477sq km around its Andewa project. Drilling there has produced intersections up to 7.9m at 10.01 grams/tonne gold, and Frontier has other projects on New Britain, including a 7km-long copper-molybdenum target, copper-gold at Likuruanga and trenching samples of gold up to 26.9g/t at its East New Britain project.
Coppermoly (COY) says the latest drill holes at Nakru demonstrate copper-gold mineralisation over a 500m strike length. Barrick Gold is spending $20 million to earn a 72 per cent stake in three of Coppermoly's New Britain prospects. New Britain is not at the top of the PNG priority list at MIL Resources (MGK) but it has projects located within two of the three copper belts.
The stock last traded at 3.5c
http://www.theaustralian.com.au/business/mining-energy/a-follow-up-on-copper-minnow-venturex-resources-and-other-stocks/story-e6frg9ex-1226013129247

Books I am Reading regarding mining investment

Hey Guys/Girls:
Sidetrack a bit here......what I wanted to write of is something that people keep on asking me time and time again.
Questions like
'Where do you get your info?'
'Why do you know so much about this company?'
'How do you know how to calculate the share value?'
'Where do we start if we know nothing about mining or investing?' 
etc etc etc....you get the picture :)
I will give you some books that I think are good guidelines....but before that, let me just assert my point that Knowledge is Power.
I have seen many people get burnt in share trading/investing(probably i should call gambling hehe) in the past....and when you ask them, why they bought a certain share...their answer will be 'Because I heard rumours that.....' or 'My uncle/friend/brother told me that it is a good buy' etc.  When you ask them whether they know who is the CEO, what is the history of the company etc, they don't even have a clue.
My point is - even SOPHISTICATED investors lose money sometimes in the market, so what hope do you have when you don't know anything about the company you are putting your money in?!
The more you know, the more confident you get and the less you are affected by daily ups and downs of the share market (unless you are a day trader, which i am not)
Basic questions you should know about companies are:
1. What does the company mine?  (i know, it is a very simple question, but ask some people that have tens of thousands in the market, and they might not know!)
2. What country does the company mine in?  What kind of political history does that country have, for example ghana, papua new guinea, canada etc?  Is the government stable?
3. What is the demand of the commodity that they are mining?
4. Which stage of mining are they in?  Are they just exploring?  Or they have already started to prove reserves?  Are they at the BFS (Bankable Feasibility Study) yet?  Have they start to produce the minerals yet?  This will determine which stage the company is in and to allow us to compare with other companies in the same stage.
5. Who else is mining in the same area?  What is their market capitalisation as compared to the company that you want to invest in?
6.  Who is the management?  Do they have proven experience?
7.  What is the history of the company? When did it start and what did they acheive so far?
8.  Is the area that they mine fertile?  Have there been any proven reserves surrounding that area?

Most of these questions you will be able to get the answer by simple googling it, or going to wikipedia or the company website, or asx announcements....there is plenty of info online.....just whether we want to find it :)

This will give you a good indication of what industry and background this company is operating in.

Few books that I am reading is
http://www.amazon.com/Junior-Mining-Investor-Profitably-Exploration/dp/0979533503/ref=sr_1_1?ie=UTF8&s=books&qid=1298455225&sr=8-1
http://www.amazon.com/Investing-Resources-Profit-Outsized-Potential/dp/0470613262/ref=pd_sim_b_8
http://www.amazon.com/Mining-Valuation-Handbook-Investors-Management/dp/0731409833/ref=pd_bxgy_b_img_b

So far, the books are proving to be a gem in helping me to understand the industry better, as i am not a geologist or miner etc......

Have a good day!

FNT - flying!!!!!! Frontier Resources......0.42 high today

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1383618&msgno=6339494#6339494

basically what this guy wrote which i have cut and paste below is a very good summary of FNT.......have a look and let me know what you think.
Happy Investing! :)

ANother typical end to the day, with people rushing to jump on board.

Interesting thread and opinions.

1) I had a look at GOR as they were mentioned as a model. The main difference is their drill results while acceptable were lower than FNT previous drilling at Andewa; Which Ubid supplied for connivence.

7.9M of 10.01 g/t Gold Drill
10.8M of 7.40 g/t Gold Drill
3.0M of 10.97 g/t Gold Drill
5.0M of 18.05 g/t Gold Trench
3.0M of 14.26 g/t Gold Trench
15.6M of 5.12 g/t Gold Trench

2) The drill/trenching work above was outside the anomalies detected in the IP report. Basically previously drilling was in the halo or low grade outskirts of the deposit so it seems from the IP report. That is what makes Andewa so interesting (Exciting)


3) If you had seen Peter face when he talked about the report it was the face of someone who had won lotto and was bursting to talk about it...That is from a experienced geologist but couldn't. I think he knows he's found the deposit to mark the future of FNT. Remember he has been in this position before before politics got involved.

His actions is resigning his other directorships supports this. His focus is now on FNT and Andewa. His family has large holdings in FNT so when he benefits so do we. WIN-WIN.

4) FNT has multiple projects going on at present.
a) Andewa - total focus of the current SP rise. IMHO
b) Tasmania - really forgotten I think by the market in general
c) Ok Tedi - Lots of resources looking at the joint leases, from a huge company desperate for more resources.

5) Drilling has also been announced for April for Andewa. This is a big reason in my opinion for the rise. The drill is king and the company using the supporting evidence feels confident and have set a firm timetable for the exploration. The market likes this. Too many small cap companies never into the drilling.

6) On the market itself. VERY FEW SELLERS. This is a major factor in the rise of the SP. To be honest I'm loving it but I am surprised by recent movement. BUt the market is never wrong. There is simply now too much potential in FNT and long term holders like many here are not selling. So anyone who wants in is having to force the price up to get their share. Simple supply and demand. In comparison to GOR, if you look at their turnover during their rise, much much higher on average therefore more shares on the market, maybe more speculators or people taking profits? This has not happened with FNT. People are holding.


There is my essay.

7) Retrace - It happened on Tuesday/Wednesday and bounced back today strongly. Same pattern for the last few weeks. Each retrace has found good support and bounced nicely. So with the news getting closer, will there bit another big player come in a grab the next big comp like on Monday?? Remember big players like institutions move billions of dollars around, so while making us small fish happy, it's not a huge % of their business.

8) SPP could cause some decline in the SP depending on its price etc. But the higher the SP less the dilution and less impact on the SP overall. As its only going to be offered to existing holder it wont be the case of sophisticated investors getting a free ride then dumping.


I believe on what FNT has to offer the SP will continue to climb until at least the first drill assay's are out of Andewa. When those assay's come out, if they are good it will move hard, if not there may be some big dumpings?

I believe it will go up, simply because I've been holding for around 5 years and have faith in management with the resources now are about to bear fruit.

I'm sure there is more to say but enough to now :)

No is there going to be a Friday close of business rush tomorrow as the Sell side is looking really thin now.

FNT - flying!!!!!! Frontier Resources on the GO!

Wow - look at the market depth of FNT today!!!!!!
32 cents highest.........
wow.........
that's all i can say :)

Frontier Resources - Rushing to the next Frontier!!!!

Happy CNY to those who are chinese!
To celebrate the arrival of the rabbit year, FNT's stream of good news has arrived on 07/02/2011 :)
http://www.asx.com.au/asxpdf/20110207/pdf/41wmgfxb8s85zc.pdf
Basically, chargeability anomalies doubled in Andewa - and they will start drilling in April on this site.
As i type this - FNT is already 21 cents - doubled in less than 2 months.
More to come i reckon as more soil/rock samples come. :)
Happy investing!