Agoracom: Small Cap Investment - Fancamp Exploration - Re: tick...tock, Mr. Smith - total equity value for Spider of Cdn.$125.5 million

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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stock greed

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Re: tick...tock, Mr. Smith - total equity value for Spider of Cdn.$125.5 million

in response to

tick...tock, Mr. Smith - total equity value for Spider of Cdn.$125.5 million

stock greed

posted on Jul 27, 2010 04:48PM

QUESTION: if Spider owned their percentage of known average percentage chromite ore in a warehouse, how many tons did Cliffs actually pay SPQ for? Compared to FWR price per tons of known estimated ore? Compared to what Noront is offering. Take these numbers and estimate how many tons Fancamp would need to reach 2.00/share or 100mil offer.