Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: I feel 2010 is yr of FNC, but I'd like my bank acct to feel it as well.

I feel 2010 is yr of FNC, but I'd like my bank acct to feel it as well.

posted on Feb 22, 2010 02:06PM

if anyone is a member, could you post some related articles from http://www.ferroalloynet.com

During the slow time, I need to reeducate myself on Iron -the types of iron and it's value. What type does Magpie have? If Magpie is so accessable and on such an abundance, what has detoured a buyout thus far. The titanium complicates Iron processesing, but how much financially does it detour.

When a company becomes interested in Magpie, who is our competition? Obviously if Sino makes a trip to tour Magpie, they'll tour other properties as well. Which properties would they tour? Has there been Iron buyouts near our property. this was covered last year, but let's rehash.

I'm curious to know how active Fouad is in negotiating with a Chinese company like Chinalco or Sino, or BHP, Vale, or Rio Tinto. He is a director of other companies, so how much time is he able to negotiate on FNC's behalf? How does his relationship with Mr. Smith work. Does he set up the interview between Smith and company rep or does he actually participate in negotiations. If so, does he have past experience with negotiating. Magpie 43-101 has only been out for 7 months, is that enough time to hook a big fish or will they need to drill more to make a more attractive lure?

Regarding our BOD. I understand value of the involvement of Smith's, Debra's, Fouad, and Mac. I'm less familiar with the expertise Gilles and Michael add to selling our properties. What do they do and what have they done before.

I feel 2010 is the year of Fancamp, but I'd like my bank account to feel it too. -sg

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