"If these assumptions turn out to be true, and the motherload is at >2000 m down that does not necessarily have to be a huge problem, because then the Eagle's nest complex and the Fancamp property will end up with the same development company (either Noront or a major) and then they can "mine" their way down because Eagle 1 starts near surface"

I have to totally agree. Fancamp is soon to resume drilling, but even if they did nothing, they are in an enviable position. NOT is following mineralization down and continuing to add to their prospect. If one assumes there will, at some point, be a start to development of this project as they envision today, there is just no way they are going to proceed with underground development when there is very prospective ground within a couple of hundred metres of their headframe. If NOT's mineralization does indeed trend towards FNC at depth, this will add multiples of value to FNC. Now add in the fact that they are to resume drilling soon, and the prospect of a hit at depth on FNC property and the sky is truly the limit.

The above information has confirmed my logic in making FNC my second biggest holding in the ROF, above SPQ.

Best regards

K