Re: Boasteel--the most likely company to take out FNC,s two properties---

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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MaCloud

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Re: Boasteel--the most likely company to take out FNC,s two properties---

in response to

Boasteel--the most likely company to take out FNC,s two properties---

happyappie6

posted on May 02, 2012 09:38PM

happyappie6,

"...if chm can,t make a deal with smith---AM only wants chms-- ore"

IMO, AM can't take only CHM's Fermont ore. If part or the whole Fermont property is sold to AM, FNC will get 17.5% of the lump sum payment plus 1.5% NSR from AM. In case of off-take deal, FNC still maintains 17.5% interest and 1.5% NSR.

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