SN, I agree in the sense that he failed to maximize shareholder value in the last couple of years. But without Peter we wouldn't be where we are now. Personally, I think it is important to look at the future because it's the future that determines whether we will make profit or not. Peter has done many things really poor in history, and other things exceptionally good. One can critisize him for bad leadership and riding coattails of Noront, but in terms of performance FNC did equally well as Noront if you compare FNC and NOT shareprice today with the SP the day before Noront was halted for Eagle 1 discovery.

In response to Rago, I would suggest a few reasons not to buy FNC

-bad liquidity, bid-ask spread typically 2-10%

GOOD POINT THIS WILL IMPROVE IF VOLUME GOES U

-reputation of financings at bad terms

THEY NEED TO DO BETTER

-Investor relations is poor (should improve with the hire of new IR firm)

IR FIRM SEEMS WELL CONNECTED

-shares are tightly held (this may make a hostile offer more difficult and thus less likely, in case you prefer a modest profit today over a possibly huge profit later)

CAN WORK EITHER WAY

Just my opinion!!