I talked to Peter Smith last week about FNC, figured it was time to hear from the horses mouth on what is happening with  this company before I invested anymore. Will admit when I hung up the phone, I put a buy order in immediately.

Most here know that FNC, NOT are currently doing EM survey. They are doing this survey by helicopter so they can get closer to the ground. They will be taking a very close look at the ring of fire and area that surrounds it. From the 2003 survey Peter believes the find by NOT at McFauld's lake is 1/3 on NOT property and 2/3rds on FNC's. He gave me a bunch of technical jargon to explain it, but I'm no geologist so it had very little meaning to me. He told me to look at squiggly lines here and there and then he made his prediction that the discovery is mostly on his property. Sure sounded good. 

If what Peter says is true, do the math. NOT has market cap over $600 million, while FNC has a market cap of just over $50 million. If it's true about the 2/3rds of the mineralization being on FNC's property it would mean FNC should have market cap of $1.2 billion. It's not to difficult to figure where FNC's share price will be if this happens.

I'm in, I'm excited, cant wait to see those new EM's!!!

Al