Agoracom: Small Cap Investment - McFaulds Lake Area

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Discuss the various junior resource companies within the McFaulds Lake Area

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quackaphobe

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The plot thickens

posted on May 23, 2008 08:56AM

Okay, I can't take the credit for this information, only for passing it along. I found it on the KXL site, thanks to the brainstorming of PaulTiger and bearlybullish. More big names are being drawn into our RoF by the day.

The qualified person who signed off on the NR for MTX and WSR is none other than Charles Fipke, who can pretty much be singled out for creating the Canadian diamond industry.

Professional Background: A highly acclaimed geologist, Fipke is a leading figure in the discovery of diamonds and precious stones in North America ... Chairman of both Metalex, a diamond exploration company, and Cantex, a company searching for gold in Nevada and Yemen ... His work is documented in the book “Fire into Ice: Charles Fipke and the Great Diamond Hunt.” ... Fipke and Dr. Stewart Blusson are credited with initiating the largest mineral staking rush in North America since the Klondike Gold Rush of the 1890s. In 1991, Fipke discovered a diamond mine northeast of Yellowknife in the Northwest Territories of Canada. Subsequently, roughly 260 companies registered claims for 100,000 square miles of land in the area ... Fipke’s find led to the establishment of the Ekati Mine in 1998, located near Lac de Gras, which is considered to be one of the world’s largest diamond mines. Fipke owns a 10 percent share of the mine, which accounts for 4 percent of the world’s diamond production ... In 2006, he donated $6 million through his foundation to establish the Charles Fipke Centre for Innovative Research at UBC Okanagan and $1 million to purchase the Charles Fipke LAM-ICPMS – a state-of-the-art mass spectrometer that uses lasers to analyze sample materials

And haven't it heard it said that members of WSR and NOT are real-life, good pals? Makes ya go hmmmmm.....

So, we are attracting more and more high-powered types to the RoF it seems by the day. We have mining royalty up at McFaulds, (2nd generation if you include Lassonde's daughter), we have rumours of Friedland getting involved, we KNOW Inco and Norilsk are in the area, and on it goes.

Can you imagine the big guns who may be involved at this stage that we have absolutely NO knowledge of? This thing is getting huge, the excitement is palpable. The big guys are muscling their way in, and in my mind, this is very telling.

Do I want Noront to go up in price? You betcha. Am I currently happy with the price? No way. Do I think my chances are good to increase my gains in the next 6 months? I can live with the odds. Am I always right? No. Can I live with myself if I'm wrong? Yup. Could I bear it if I sold now only to see this thing make it to the history books? Nope, I'd be catatonic....lol

These are all questions everyone should ask themselves, I guess. Keeps the neuroses at bay, IMO