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: Fancamp Identity
9
Nov 17, 2010 05:13PM
9
Nov 17, 2010 05:57PM

I suspect SP players were leaning KWG's side.

Good point. Fancamp needs a property breakdown. What properties are active. I could see how a prospective buyer would look at the properties on the website and look at the SP price and see the disconnect. Any new buyers would be overwhelmed. They would register: Iron properties, Lac Lamalee, Fermont, Champion, Magpie. Isn't McFaulds what' got FNC up there before. Are we Iron or Nickel? What is Fancamp's identity that I'd be investing in?

I will work on a breakdown. Perhaps Rago, Wax, and Fani could also work on it. It would be interesting to see each pov. Mr. Smith, if you read this, could you or Baystreet work on a comprehensive breakdown. Perhaps you could work with one of us for an unofficial projection for profit that no way in hell could you put in a NR and we can post it.

What are your thoughts on $1 Lac Lamalee. Is that ubsurdly low? My greed is getting impatient. I can feel it desiring a holiday bonus.

Quick's the word and sharp's the action

The idea of a FWR 4 or 5:1 buyout is a strong possibility, a horrible disappointment, and Smith already feels that heat. This is all the more reason for quick action of selling some of the properties now. Every 50 or 60 million is a quick 2:1 profit and, as a friend of mine likes to say, a major's coffee change in the break room. It also wouldn't require great negotiation skill.

-sg

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Nov 17, 2010 08:00PM
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