Re: Champion to present at Iron Ore Conference
posted on
Apr 05, 2011 05:11PM
I think we all agree that Larsen is doing with CHM what we all wish Smith was doing with FNC.
What specifically has he done. Can those steps be used as a guide for Smith and Granger?
Step 1: find ore, Step 2: reach out to the internationally involved individuals to promote.
We've done step 1 with Magpie and soon in June, if not sooner, with Lac Lamalee. I'm certain Granger is working on step 2.
We should be getting news shortly. I think even Smith is aware that it's past time to get the SP up there with a substantive news release.
However, even with news releases, we need inroads with Arcelor and other majors. The moment visuals leak at Lac Lamalee, we will be vulnerable without a major's protection. Perhaps that is the reason CHM hasn't been snagged now that they're at 1.5 bil and two thirds more to explore.
One protection is an IPO, hence the Magpie IPO. One can assume Granger and Smith are preparing paperwork for a Lac Lamalee IPO.
That we remain in the .50c range might be perplexing even to Granger. His presence alone should reassure any doubts Smith might have generated. As sure as CHM was a guaranteed double at .90c so is FNC at .50c, even with a hostile takeout. Obviously FNC is currently worth more and if we survive long enough to prove half billion tons in Fermont or Champion proves 3bil we will shoot into orbit - sg