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: Here is something I posted on the NOT board that

Here is something I posted on the NOT board that

posted on Aug 11, 2008 07:58PM

has some relevance for FNC.

G.

That was a great post Yixter and you should have more thumbs for it as you are very close to the truth IMHO. The only discrepancy I believe is that BB2 is not at AT1. I wish I could put a map up here but I am sure Helium or Fantomas will soon (please). Now when you look at this this map, keep in mind that E1 and E2 are 2km apart. If you look at AT2 and go a little less than half the distance to E1 towards the right (East) you will see that you are going towards AT1 but not quite there. I believe we are about 500 meters or so from AT1/FNC border. This is good news for FNC as now they have a chance to hit both nickel and Chromium when they drill C1.

The Chromium extends some 7km if you believe that the hits on SPQ and NOT are connected. If that is the case, it will be hard for it not to be found on FNC as it seems to extend from AT2 to some 800meters away towards FNC claims. In some discussions, looking at the intercept thickness, grade and distance away to SPQ, this could be massive. Some have even mentionned up to 30-45 Billion dollars worth. Of course much work needs to be done to prove this up but it is possible. The other issue I have mentionned before is going to be production costs. I believe this will make the difference wether this is economical or not. If we produce this cheaper than everyone in South Africa, I do not give a hoot how much reserves they have, we will rule the Chromium market. Some preliminary discussions on this topic seem to indicate that we will be very competitive in production costs, possibly much better. This is a scenario like the Voisy Bay Hustle where very low production cost due to high grade forced INCO to pay so much to prevent Falconbridge from ruling the nickel world...I believe the story will be repeating itself here-just substitute Chromium for Nickel!!!

All of course IMHO,

Glorieux

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