MF is very positive on FNC and it management. Turned down offer for to buy 1M shares at this price They can not invest in Magpie PP because they have limit for investment in private companies They would like to see NOT acquire FNC Magpie chromite for NOT stock

Drilling at Lac Lamalee began this week Should be possible to look at cores as soon as they come to the surface

FNC 17% Fermont valued at $250M One approach would be to exchange for CHM shares and then dividend CHM shares to shareholders This woud raise SP warrents would be exercised and FNC would get alot of cash