Hoov

Taking your figures - fancamp mkt cap is 27Million and the fermont interest is 40million then Champion project alone is nearly DOUBLE - Not half the entire market cap.....which makes the situation all that more incredulous.

don't forget the NSR of 1.5% that Fnc has on the deal ? how much do you think that is worth?

i predict that unless fnc spins out the iron ore properties - pat sheridan and mineral fields (plus the new fund that bought 5 million shares) will cause a consolidation of the magpie - lamalee and fermont interests.......

chm wanted to buy the 17.5% - fnc said no

pat sheridan wanted to IPO magpie - smith said no.

sheridan asked certain people to find a buyer for lamalee?

draw your own conclusions

mine is we are GONE - at an undervalued price.

time to wake peter up!