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: Re: Spoke to JL #1
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Dec 05, 2012 02:32PM

Geez, Rago, there's so many options, I really don't want to start speculating or start listing the possibilities. I will say, however, that FNC holds a lot of iron, via the CHM shares (4 month hold coming off soon and requires CHM permission on transfer), Lamalee, Magpie - some are further along than others. Magpie is not at the stage to deal yet, but the others provide some possibilities. If it were me, and I had to, I would be balancing out my total portfolio and use some of the iron projects as a means for financing or joint venturing etc. and not use RGX which could potentially be very close to accreting even further in value in the market's eyes.

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