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: Negative $7.5 Million = Market Appraisal of Our Stock Holdings
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Cake #1 = 15,025,000 CHM + 9,000,000 RGX + $11.2 million + NSRs + Properties
Cake #2 = 15,025,000 CHM + 9,000,000 RGX + $3.7 million

The disoriented traders whose transactions determine FNC’s Selling Price are telling us:
Cake #1 = Cake #2

My appraisal is different. Being that someone ate most of Cake #2, the little icing left
over will not nourish me as well as Cake #1, which has been left whole.

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