Mtl_gold

Agreed fully with focusing on the extraction of value from just a few key holdings, rather than collecting more properties and doing more prospecting drilling. FNC has enough in its hands. The BOD's job is to look at the big picture.

One time, when FNC was at a Market Cap lower than now (believe it was at $12M) I was prepared to reccommend FNC to some deep pockets off-shore. But now...I want to wait and see, before shooting off any opinion.

It's a bit ironic, but some deep pockets would consider $12M is just too small for them. They would prefer to deal in the $100M range. The first question they would ask is "what's wrong with the company?" and it would be an up-hill battle to convince them that this cheap company has hidden Fe treasures in Quebec that would fit in their game plan to secure a stable supply of Fe in the long term.

goldhunter