Timeline Predictions – a confluence of demand

I'll risk a timeline and some numbers (these numbers are pure conjecture, and could just as easily fail to meet it as it could exceed).Even I feel graveled in the day to day comparisons and frustrations of seeing CHM gain ground while FNC feels wrecked on the lee shore of age.

But stepping back, I remember demand can just as easily take down FNC as it is to smash it upwards. I sometimes think we forget this tendency of small caps. FNC reaching.17c in a week can just as quickly hit.90c.

October: prior to AGM, perhaps next week, we will have a NR on at least one complete hole assay for Magpie and one for Lac Lamalee. This may perhaps raise us between .50c to .75c.If it is an out of the park grand-slam assay, then perhaps above .75c.

November: Magpie metallurgical work by Fouad should be revealed. This should correspond with a 43-101, which should correspond with an NPV and EAS. Compiled on top of Lac Lamalee and Champion, this might raise FNC to 1.50 or above. And if that hasn't raised us up there, then revealing a major who has bought into the production outtakes of Magpie should draw international attention and get us there.As an additional insurance, a major buying into production of Champion/FNC Fermont properties, 50 to 70 million, can take us there. That’s a lot of confluence pouring through FNC demand which to me justifies 1.50 or more.

Let’s add to the confluence of demand:

What is that thing that gets us to that golden mark traversed only once before of close to 3.00? Only this time, not hype but real ore in inferred or indicated or both. Perhaps this -End of November: Champion NPV, coinciding with Lac Lamallee assays that have inferred numbers equal or surpassing those of indicated Firelake North? If CHM NPV is between 2 and 3 billion indicated, it's as good as Lac Lamalee being indicated. This might possibly take us to $2.00 added to everything else. If it doesn’t, at this point, Champion faces a very real possibility of a major buying into outtakes. In this scenario both FNC and CHM enter into Consolidated Thompson territory (with the same guys) where the three Thomson guys do what they did with Consolidated Thompson with Champion/FNC.Certainly, the big money (WISCO) anticipation that they’ll do it will increase demand. Are we definitely in the $2.00 range now? Doubters still?

Should this scenario exist, consider this: The Thompson guys allowed a large WISCO investment, perhaps they’ll tolerate the large FNC 17.5 % investment plus 1.5% nsr. But there is a large difference. Wisco added an infusion of drill money, where as we don’t. We already are here as a partner. They’ll have to get Wisco again. At this point how tolerant will they be of FNC? The benefit of their getting another WISCO investment, is both CHM and FNC no longer dilute to play.As we’ve already pointed out, the scenario here lends itself to the strong possibility of an offer for FNC. I believe we are strongly in the $2.00 zone here. The NSR alone justifies it.

Also consider, as fast as the timeline was with Consolidated Thompson, it will be faster still with Champion and FNC –immediate experience in immediate vicinity to avoid mistakes, precedence with Cliffs paved the way for further acquisitions in the same area, those parties involved with Consolidated Thompson buyout are now flush with liquidity.

But now, if FNC isn’t in $2.00 range, this added confluence will take it to $3.00 or above.

December: Magpie IPO.

This is when Smith and Granger reveal the share structure based on the value and a deadline for ownership. Depending on the numbers, this could take us well above 3.00. Some have murmured $7 or more. I think between $3 to $5.But those who say $7 or more haven’t seen the numbers, so it’s all wishful thinking. However, one could safely say FNC SP is at 3.00 prior to IPO –especially if the ratio of Magpie to FNC shares is favorable. At this point, even the most cautious might confortably predict a 2.00 SP, which is a 10 multiple. at this SP, 100thou becomes a million, and so forth.

January: Shareholder direct ownership of Magpie.

Somewhere in this timeline, we might get a McFaulds surprise, or a Beauce or McFauld’s surpise.Sane people should look at my scenario and scoff at a 15 multiple. But considering that this is not a mid-cap buyout, but a micro-microcap buyout, then numbers are not at all outrageous. They are quite likely to occur. Because we know this, we are willing to take a risk investing in microcap arenas. Value quickly causes demand to flood the SP. High Risk for High Reward. One decreases the risk by buying companies like FNC where the SP is rock bottom due to poor exposure to investing world and consequent unaccounted for assets in the SP.

-StockGreed