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FYI Resources (WKN A0RDPF / ASX FYI) begins trading today on the U.S. OTCQX exchange. The ticker symbol is OTCQX: FYIRF. From the US listing, Australian FYI expects better visibility and accessibility among North American retail, high net worth and institutional investors. The latter will be able to trade in the local time zone and in U.S. dollars with immediate effect.

Great people don't like to dwell on small things. That's why the caliber of the people involved allows certain assumptions to be made about the caliber of a company and project. This correlation is currently easy to observe at Group Ten Metals (TSX.V: PGE; FRA: 5D32), which has just announced the surprise appointment of Australian, Gordon Toll, as an independent director. Toll is a heavyweight by global mining industry standards. Among other things, he was a co-founder of Fortescue Metals Group (ASX: FMG), now the world's fourth largest iron ore producer with a current market capitalization of A$62 billion. If that's not a remarkable personal and business success story! The man even has a Wikipedia page.

Following the release of FYI Resources (WKN A0RDPF /ASX FYI). updated feasibility study (DFS), Australian brokerage Foster Stockbroking has issued a new Buy recommendation with a price target of A$1.52, more than doubling its previous price target of A$0.68. At the time the short study was published, FYI's share price was A$0.52, representing a market capitalization of A$167 million.

Every drilling is an experiment. Geologists develop models and use drilling as the ultimate experimental setup to test their hypotheses. So far, so good. But, at what point can one actually speak of a discovery? Already when the geological model is confirmed? Or only when, for example, the gold grades are available from the laboratory? Nothing is more exciting in exploration than this time between the first confirmation and the wait for certainty, which can easily bring disappointment.