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: Assay Results From the 2011 Drilling Program Completed at Fancamp's 17.5% Owned
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Fantomas, many thanks for your clarification. This is consistence with my recollection, hence the value of the 9Ms of RGX alone would amount to 9Ms x $0.455 ~ $4M; $4M/$18M (amost 1/4 of FNC market cap). The 9Ms are held in escrow for FNC.

Cash position: As of 28 Oct according to a company (AGM 2011?)presentation te company had $6M. Along with the $6.5M PP in Novemeber 2011 it would be reasonable to assume that FNC has approx $10M in the kitty (which is 10M/18M = 55% of the market cap...looks unreal).

The picture for FNC is getting more and more ridiculous.

goldhunter

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