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: FERMONT

Never stop the criticism. If I were a CEO, I’d always appreciate it. It would show folks are interested, and will actively stop me from making or continuing mistakes.

As I've stated again and again, Smith by himself hold the reigns on forward momentum, always claiming lack of financing is the cause. However, some how a good CEO gets it done, so retail should demand no excuses. Now Smith has evolved. He knew demands on FNC properties progress by new large shareholders would except no excuses.

Large shareholders have even offered to fund property split off, so lack of money could not be used as an excuse. One large shareholder has reached out to a few of us active shareholders expressing interest in taking steps should it be needed to assure FNC progress.

For these reasons Smith hired Granger, because he knew change was in the air. Fancamp is no longer the same Fancamp which buries info for a year. There are checks and communication that will not allow Smith to pull on the reigns, when the large shareholders want the horses to get moving.

Here is another example of a changed management: Roos wrote: "John Kaiser who was sick of the Smith/Sheridan connection."

The Sheridan of old is different from the liquidating Sheridan of new. His decreased health has made him different. He now wants to liquidate or expedite deals which bring in money ASAP. From what I gather, he wants to settle his estate issues and try to live a quality life for the time remaining.

The real question is not “Will Sheridan delay drilling or spinning off Lac Lamalee?”, but “Will he sell out Lac Lamalee from under Fancamp?” Should this occur, and should it be to Champion, then they will only make the drilling happen faster. Sheridan already gave his blessing for Magpie spin off, so he’s not selling his half of Magpie to an unfriendly.To me, Fancamp is in a position of multiple returns, whether or not it’s by a friendly or not.As Fani said, the question is really, will it be on our terms or someone else’s.

I appreciate Roos’ rally cry for retail to take action. Fani has encouraged action for some time.

Roos wrote: "It is about time shareholders in this stock here stand up against this lousy management and start collectively demanding for real action that does something for the shareprice instead of further diluting helping business friends in on cheap shares."

What specific steps do you recommend? Please list in detail and offer to head the organization of it. For me, communication with large shareholders is the most direct way to insure management progress. If you would also call them, I'm sure it could only be beneficial.

At this point, Smith is behind the forward movement. So for my part, I want to make sure the large investors maintain pressure on management to ensure the steps they take best benefits retail. For me it’s not a question of how to get the FNC SP up there. It’s what will they do once the SP has doubled or tripled to make sure it doesn’t go back.This takes action now, so the catalyst that takes us there has another catalyst to take it further.

A)For example, if Magpie is valued at 120million, that’s 60 million for FNC shareholders or $1 equivalent for how many shares they offer per FNC share. What will they do to keep Magpie Inc. from sliding backwards. What happens if Pat wants to dump? Is there a buyer in mind that can be the next catalyst?

B)What if the market finally allows FNC SP to catch up with Fermont properties, are there drills ripping holes to bump the SP up further?

C)If Harvey, Mike, and Smith hit at McFaulds, can we finally put in place a realistic drill plan or would shareswaping the property out to Noront or Nemis make sense?

But do you see, how retail worry has moved beyond making Smith move on a property, but what’s next now that he is moving on them –and with some urgency?

When you talk to Champion, notice they are polite, but also notice their opinions are biased towards Fancamp. We own a piece of them and they'd rather own it all. Who could blame them if they feel Smith is a thorn in their side. How could they feel comfortable with our SP at .60 when our investment in them alone is worth a higher SP and the public seems hesitant to correct. Therefore, we are quite vulnerable for a takeover, which could allow an unfriendly to own 17.5% of their company. This could make them vulnerable to an unfriendly takeover.

Translation: The more iron Champion discovers the greater they are vulnerable to an unfriendly owning 17.5% of their company via FNC takeout. And we all expect them to get up to 5 bil tons asap. Even now, a ripple has echoed that Champion has discovered even more iron.

I would encourage any communication with CHM to encourage them to 1) make a generous share-swap offer for our percentage, 2) offer any assistance to FNC with getting Lac Lamalee drilling moving ASAP. This would increase FNC SP and make us less attractive as a takeover target. Obviously this is unrealistic.

-StockGreed

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