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: Re: probe hit .82c today
7
Oct 15, 2010 12:38AM

SG,

The move is probably related to chromite, IMO, but I would not discount some positive results coming from Borden. Regarding Cree Lake I don't thing the data was good enough to suport the substantial move in the SP. The option with LSG seems so disconnected that I am sure management doesn't know what to do. How does a small cap company take on someone who has a cap many time larger.

As to your thought re concentrating on one mineral and or one property I don't see this as a positive way to grow a company. The Magpie deposit is huge but isolated and given the deposits available near access I can't see it being developed for a long time. Given that the chance of making a significant find that develops into a mine is something like a million to 1, more irons in the fire are better if, and this is a big IF, the company has the management in place to look after the irons. Hopefully FNC now has some top side in place.

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Oct 15, 2010 12:01PM
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Oct 15, 2010 12:29PM
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Oct 15, 2010 12:38PM
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Oct 15, 2010 02:04PM
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Oct 15, 2010 02:56PM
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Oct 15, 2010 03:44PM
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