Stockgreed,

Minimum, $4.00 but am sure I don't know how to value the properties Smith has. Take for example, CHM, the web page notes that this containes 4 billion tonnes of mineralization and FNC now ownes 17.5 % plus a NSR. The Magpie will have a 43-101 done shortly, how many tonnes here, and FNC has 50 %. The suspected chromite value at McFaulds is another open point, the web page describes the gravity anomaly as very large and similar to SPQ/KWG. How large, what strike length, widths and grade? What is all this worth??

What about the Ni and PGM's, more unknowns. I believe Fig 3 from NOT's recent NR says volumes. If one draws a line through the northwesterly trending stars and another through the stars lined up on NOT's gold prospect, where do they converge. On FNC claim next to NOT. I would like to think that 2 drill programs on C-1 means something as does the presence of Mac and Harvey's availibily to Peter. How is FNC paying for the Mc Faulds,s Stoke Mtn. drilling and exploration programs as I can see only about $3.5 million that was gathered up over the last year. Is there deep pockets handy??

The Beauce is another open question, it will only take one good hole here to get this going. A big IF for exploration if the structure GNH has is not on strike to FNC's claims.

So what's it worth, $4.00 as a minimum but one can dream of more [like $10] it would be nice. Just my humble thoughts and opinion.

MH