....so I was thinking about about my investment in FNC and how foolhardy was I for believing that the SP of FNC would never realistically drop below $0.40 ( I belive my average coat is ~$0.38) , which led me to review this Secutor Report (August 2011).

https://docs.google.com/file/d/0Bx2vybfDh6GMMzU1MzkyYzgtZGIyZC00ZTU1LWFjNzQtMzNhNjBmN2M3NmFl/edit?hl=en_GB&pli=1

Under Magpie Deposits "Infrastructure" it notes the proposed power transmission line passing a few km north of the property. Beacuse of this and the otherwise great potential of the resource I had always wondered why the company was being so tardy with advancement of this property. A quick Google search ( http://en.wikipedia.org/wiki/Romaine_River) of the Hydro Quebec Romaine River project reveals that the development is comprised of 4 separate resevoirs/power plants to be completed in stages by 2020. Based on the geographic co-ordinates of these four , it seems that the Magpie Deposits (Latitude 51o 24’30 N, Longitude 64o 03’30 W.) are in closest proximity to the last to be installed in 2020. Assuming that Romaine 4 would be providing Magpie's power, it makes more sense to me why these proceedings haven't been more expeditious.

That said, I would assume that the Lac Lamalee resource is to be made the company's flagship property for marketing purposes. Does anyone know if this is the "plan" (if there is in fact a strategic plan )?

Cheers, Luker

:

NameLocation (km from mouth)Design flow (m3/s)Capacity (MW)UnitsHead (m)Est. completion yearReservoirReservoir size (km2)Geographic coord.

Romaine-1	52.5	485	260	2	61	2016	Romaine-1 Reservoir	12	50°23′01″N 63°15′37″W / 50.3835948°N 63.2603502°W / 50.3835948; -63.2603502 (Romaine-1 (Under Construction))
Romaine-2	90.4	453	610	2	151	2014	Romaine-2 Reservoir	83	50°37′28″N 63°11′34″W / 50.6245286°N 63.1928015°W / 50.6245286; -63.1928015 (Romaine-2 (Under Construction))
Romaine-3	158.6	372	380	2	116	2017	Romaine-3 Reservoir	38	51°06′52″N 63°24′00″W / 51.1144073°N 63.4000397°W / 51.1144073; -63.4000397 (Romaine-3 (Under Construction))
Romaine-4	192.0	307	250	2	93	2020	Romaine-4 Reservoir	140	51°20′52″N 63°29′12″W / 51.3477778°N 63.4866667°W / 51.3477778; -63.4866667 (Romaine-4 (Under Construction))