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: Magpie valuation-fani
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Magpie valuation-fani

posted on Oct 23, 2008 06:35PM

400 million tons x $100/ton = $40 billion

400 million tons x $58/ton = $23.2 billion

Decent,$ 830/share

I had some discussions this summer with Debra Chapman at FNC office.I did ask the question regarding the 1 Magpie for every 1 FNC held and she replied "something like that" which is definitely not a confirmation but at the time it did lead me to believe the deal would be along those lines.Personally,I'll believe it when I see it.GLTA.

cs.

3 Recommendations
Re: Magpie valuation-fani
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cappysmart
Oct 23, 2008 06:53PM
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fani
Oct 23, 2008 07:13PM
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Justice
Oct 25, 2008 02:35PM
Re: Magpie valuation-fani
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Justice
Oct 25, 2008 03:52PM
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