FNT

Never heard of FNT? It has a tenement across the Kokoda Trail. So people were up in arms when it was going to start a mine in PNG which encroaches on the famous trail. The locals were for the mine but Aussies? For sentimental value and the fact that they are not paying for the mine, people and the press were painting FNT action as treachery. The parties came to a solution eventually.

In August, I topped up because the grades are so good but the share price has come down from 7.4c when I first bought in April 2010. Today I have nearly %15 paper profit. I can be easily contented... especially when it has been a loss for a while. But eventually, people will realise that FNT is grossly undervalued for the gold that is already found in its tenements. Patience can be an virtue in the investment world.