Re: dump calculation = $1.21 to $2.00 FNC
in response to
by
posted on
Dec 13, 2010 09:35AM
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.
I'm replying to e-mails from the dump Sale Calculation Post:
http://agoracom.com/ir/Fancamp/forums/discussion/topics/456653-dump-value-and-dump-sp-we-are-so-undervalued/messages/1482885#message
Many estimates arrive at at a minimum of more then 1.50, several in $2.00 range. But the idea was to point out the extreme minimum our company is worth, without hope, and with a bleak future. The idea was not to undercut FNC's worth, but to show how ridiculous a current .50c sp is.
Great scenarios could put us at $13.12 per share on the high extreme for just Lac Lamalee. But I'd say it's better to invest expecting a disappointing minimum rather then expecting the maximum.
http://agoracom.com/ir/Fancamp/forums/discussion/topics/454366-joe-dwek-mngt-a-retail-friendly-investor/messages/1476806#message
I wish some of these e-mailers cared to post, but I understand if they prefer to read. I got one feedback that someone with deep pockets read my $1.21 estimate and it prompted an inquiring phone call. If the volume and SP goes up then our posts are not in vein. At the very least this gives us an estimate of what we should expect from our CEO and of what to vote for if there were a swinish hostile takeover.
http://www.fancampexplorationltd.ca/FNC_Contacts.html
Peter H. Smith PhD, P.Eng. 340 Victoria Avenue, Westmount, QC H3Z 2M8
Phone: 514-481-3172 / Fax: 514-481-8943
But .50c, come on, that's obviously ridiculously low even without our posts, even to an amateur investor like me. But, perhaps deep-pockets have other opportunities, and perhaps it leaked whom the recent 3.5 to 4 mil PP originated from. I could understand if FNC were based purely on one property with the hope of finding some ore, say nickel at C-1, why we'd be at .50. But we've got iron ore now with interested competitive parties.
http://www.championminerals.com/projects/fermont/
http://www.fancampexplorationltd.ca/FNC_Iron_Properties.html
http://www.fancampexplorationltd.ca/FNC_Magpie.html
-stockgreed