FEC Resources Inc. (FECOF)

[styl]

i'm sure downside as well as most of us would love to see that come into fruition.

a pledge is one thing and something actually being done is completely different. Unfortunately fecof has its reputation tarnished because of the fool's gold fiasco, half the company being sold to philex for 2 pennies per share years ago and a few other things.
although there is still a fear of philex continuing to shortchange fecof, there is also something to be said about philex's share price moving from 13 cents to over 50 cents for a huge gain percentage wise ,all in less than 2 years and spinning off free ownership in fep via ppx<i think its ppx, i dont follow it>.
anyway, philex's management that took over fecof seems more capable than the previous team, but the possible corruption and loyalty still lingers...........to actually see that 80 mil be invested would be huuuuuuuuuuuuuuuuuuuuuge.............and if they are unpleased with the results for any possible geological reason, it could bury the company in debt and force both fep and fecof into bankruptcy.
i am still long hoping that is not the case, but its definitely not ruled out