Date Posted: 14:59:29 02/19/11 Sat
Author: Bizarro_Greenspan
Subject: Fancamp like a little Altius
they spin out properties they staked for next to nuttin for shares and cash,or ipo them.
The jv with Champion is one,they own 8 million shares of Argex,now trading at just under a buck,that's another.
The stock's been a sleeper,but this Granger guy they have brought on board is a deal maker who apparently has many solid contacts in the mining world.
If Champion proves up 5 billion tonnes,like they say they are going to,17.5% of that is almost 1 billion tonnes of iron ore for FNC.
There is a lot of iron in the Fancamp frying pan,all that iron for only 50 million M/C,cheep,cheep.
A lot of the other companies had to do big dilutive deals to get their ground in ironsville,quebec,yet,their market caps are much,much higher.