Hello Terry.

Thank you (on Monday) for posting the correction to my last message, of the number of Argex shares that we own, (and for your kind words). I actually enjoy and approve of the error-checking (even more than I appreciate of being complimented otherwise). I believe, it’s far too common and stupid, when people take offense at their mistakes being pointed out to them. To me, the only offense taken is being accused of being human (especially when the error is nothing more than human error).

Besides my correcting and lowering our Argex share count, it’s important to remember that our even-highly-speculative NSRs were worth more (speculatively) than our Argex shares, even when we had many times more of them than we have presently. As it is with all our Partner Companies, keep in mind that we haven’t been cashing out our NSR chips.

Other than our share ownership, what I wrote in my last message bears repeating. Remember, the remainder of Fancamp includes:

1) Shares of Magpie (arguably worth more than our Partner Company shares),
2) Properties Owned In Our Own Name (arguably worth more than our Partner Company shares),
3) Titanium Purification Technology (arguably worth more than our Partner Company shares),
4) Partner Company NSRs (arguably worth more than our Partner Company shares),
5) Contractual Income from our Partner Companies (of significant value).

The (corrected share-count) dollars of our Partner Companies follows (as of this week’s end).
First, let’s look at it in terms of today’s (Friday’s) Closing Prices:

$2,148,575 = Champion (CIA) 11,018,333 shares @ 19.5 cents
$1,400,000 = Uragold (UBR) 8,000,000 shares @ 17.5 cents

$700,000 = KWG (KWG) 35,000,000 shares @ 2.0 cents
$390,000 = Lamelee (LIR) 39,000,000 shares @ 1.0 cent

$44,000 = Argex (RGX) 1,110,000 shares @ 4.0 cents
$11,731 = St. Georges Platinum (SX) 1,173,076 shares @ 1.0 cent

$3,548,575 = CIA + UBR (million-dollar Partner Company stock)
$1,090,000 = KWG + LIR (six-figure Partner Company stock)
$55,731 = RGX + SX (five-figure Partner Company stock)

$4,694,306 = Total Fancamp Share Holdings (not including Magpie or NSRs in the above)
$2,978,185 = Total Fancamp Market Capitalization (148,909,236 shares @ 2.0 cents)

Next, let’s look at it in terms of the Midpoints between today’s Closing Bids and Asks:

$2,176,121 = Champion (CIA) 11,018,333 shares @ 19.75 cents
$1,420,000 = Uragold (UBR) 8,000,000 shares @ 17.75 cents

$787,500 = KWG (KWG) 35,000,000 shares @ 2.25 cents
$292,500 = Lamelee (LIR) 39,000,000 shares @ 0.75 cent

$47,175 = Argex (RGX) 1,110,000 shares @ 4.25 cents
$14,663 = St. Georges Platinum (SX) 1,173,076 shares @ 1.25 cent

$3,596,121 = CIA + UBR (million-dollar Partner Company stock)
$1,080,000 = KWG + LIR (six-figure Partner Company stock)
$61,838 = RGX + SX (five-figure Partner Company stock)

$4,737,959 = Total Fancamp Share Holdings (not including Magpie or NSRs in the above)
$3,350,458 = Total Fancamp Market Capitalization (148,909,236 shares @ 2.25 cents)

Presently, the market is valuing our CIA + UBR shares as worth more than the entire Fancamp put together, including those shares.