Cash on hand.....$940,000 (non-brokered private placement) + $2,100,000 from Argex shares = about $3,000,000
6 million shares of Argex left at....lets say $.70 (conservatively) = $4,200,000
About 20,000,000 shares of CHM...lets say $.20 = $4,000,000
43,000,000 shares of Gimus....let's say .05 = $2,150,000
Total conservative value as calculated above = $13,350,000
Current market Cap = about $7,500,000
Recent news:
Positive metallurgial results from Magpie
Deal to move FNC's Lac Lamelee South forward
Champion moving forward with their feasibility study for Fire Lake North
Argex recently completes a non borkered private placement at over $1.00
KWG wins easement fight with Cliffs; also positive results from Black Horse smelting test
Recent Insider buying of FNC stock
Based on all of the above.....there is a strong case to add
Remaining positive
