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: Highs and Lows (Corrected)
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Oct 01, 2014 01:40PM
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Oct 01, 2014 03:10PM
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Oct 01, 2014 03:30PM
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Oct 01, 2014 03:45PM
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Oct 01, 2014 07:05PM
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Oct 02, 2014 03:22PM
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Oct 02, 2014 07:47PM

The Message I posted October 1st contains a terrible numerical blunder. Sorry!

Caused by my absent-minded haste, missing from my arithmetic is the one very simple step I forgot to put in. That very simple step is what children are taught in Early Grade School. It’s known as “Multiplication.”

If that weren’t bad enough, I compounded my lunacy by putting in a USA-to-Canadian currency adjustment that had no business being there. The funny thing is, after you fix the numerical result, it makes my point twice as emphatic as it was before.

As follows is the second-to-last paragraph of my message, which contains the one number that contains two mistakes. I inserted the corrected number of dollars alongside the mistaken number of dollars.

“Especially notable was the volume of 19.9 million shares for the week beginning 17 September 2007 (not including OTC trading in the USA). In terms of Canadian dollars (at the $1.99 price of the average trade that week), it adds up to $21.89 million [it (really) adds up to $39.60 million] in trading volume. As a point of reference (and as a point of comparison) Fancamp’s present market cap is $6.25 million.”

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