NEW BACKERS 1ST THING MONDAY.OPEN UP 2.5P

i might be pushing my luck here but.. any chance of a 6 monthly?
ta
regards
jkd

6 Month Chart

. Topped up a few more and hold 1.20 million now. IMO 1.50-2.00p is very near and hopefully this week. Drilling news on Benkala and other projects is also expected.

'Johnston. FML paid $20 mil for the 50% JV in the Benkala copper mine. This equates to 14 mil. At todays close the mkt cap is a ridiculous 1.5 mil.

The focus will now be news on the mine. See last update on the mine circa Oct 08.

FML has secured it's future, the price should recover from here on in. Should see a retrace back to 5p at least. Remeber FML have gold/silver assets too. And we all know what's happened to the gold prices recently'.

New Highs for Gold and Silver again today on current Uptrend:-

New financing arrangements (Frontier Mining)





TIDMFML

RNS Number : 3975N
Frontier Mining Ltd
16 February 2009

?




16 February 2009
AIM: FML


FRONTIER MINING LTD
("Frontier" or "the Company")


New Financing Arrangements and Increase in Authorized Share Capital




The board of Frontier (the "Board") is pleased to announce that the Company has
signed heads of terms with a new lender to provide a $10 million debt facility,
subject to the completion of due diligence. Under the heads of terms, the
lender will be granted warrants to subscribe for ordinary shares in the Company
representing up to 50.1% of the enlarged share capital of the Company at an
exercise price of 1.5p per warrant. $200,000 of the new funding has already
been received by the Company and its subsidiaries.


The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd.


The Board is also pleased to announce that the majority of shareholders have
voted to increase the authorized number of shares of common stock of the Company
from 500,000,000 to 1,500,000,000 each $0.01 par value.
Brian Savage, Chairman and CEO of Frontier commented "We are extremely pleased
to have signed the heads of terms which has already provided funding for the
Company.This puts us in a very good position to advance the development of the
Benkala copper project."

Frontier presenting to investors in April:

http://www.proactiveinvestors.co.uk/register/event_details/47

Gold Climbs to Seven-Month High in London as Economy May Worsen
By Nicholas Larkin

Feb. 17 (Bloomberg) -- Gold rose to its highest in almost seven months in London as investors bought the precious metal to preserve their wealth on speculation the global economy will deteriorate. Silver climbed to a more than five-month high.

http://www.bloomberg.com/apps/news?pid=20601082&sid=acerPa4tlqXg&refer=canada

Options Traders Go For Gold
Andrew Wilkinson, Interactive Brokers, 02.17.09, 12:50 PM EST

Gold shoots higher toward $1,000 on global fears and gives rise to a big Randgold Resources calendar call spread.

http://www.forbes.com/2009/02/17/randgold-priceline-vix-personal-finance-investing-ideas_0217_options_strategies.html?partner=alerts

1.5 BILLION shares issued!! Already over-valued, even more so now.

Never quite reached 1.5-2.00p did it.

Nice close on Gold & Silver today at $970.10 and $14.09 respectively.

From Interims in Sept' 2008:-

At Naimanjal deposit:-

'The gold equivalent grades discussed above were derived by converting silver grades to gold equivalent by dividing them by a factor of
92.5. This factor is derived from gold and silver metallurgical recoveries of 74% and 40% respectively and gold and silver prices of US $600
per ounce and US $12 per ounce, respectively'.

From Yesterday's RNS:-

'The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd'.

On Benkala:-

'Outlook

Once the regulatory issues are resolved, Naimanjal's production will meet management expectations. The disappointing results to date are
not technical in nature and we therefore hope to resolve all issues shortly. We are confident of additional potential at Koskuduk and
Beschoku and look forward to implementing bulk metallurgical tests at both projects in 2009 to determine future development plans. Whilst
Naimanjal is an important near-term value driver for Frontier, we remain convinced that Benkala is a company-transforming asset. Recently
announced recovery rates of up to 65.3% of copper in oxidized ore over 70 days are very promising for the potential development of a low
capital cost heap leach and SX-EW processing operation. We look forward to the results of the current drilling and anticipate further
confirmation of the existing resource'.

Copper price above $4000 for the first time and FML is the cheapest copper play apart from Afica Copper.

News must be soon I guess.

Up hugely today news I think by the end of the week.

RED LEOPARD HOLDINGS/RLH go too the new thread re-rating 1p+.up 25% i just snapped up 2.5m@0.05

But FML is up 50%..!

Another 100% profit today in FML having tipped these months ago and on the back of UVEL yesterday and today. MARL and RTS imo to follow in the same way soon. DYOR!

lol...

LOL.