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: FNC Magpie Holdings- Value
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Something I forgot to mention...The Magpie, nearly 1 BILLION tonnes of >40% Fe...FNC share nearly 500 million tonnes. What's Iron ore selling for these days? $100/tonne?...seems to me that's nearly $50 Billion.

Might Cliff's have interest in potentially 500 million tonnes of iron ore? What is their current Northern American reserves?...900 million tonnes (Proven and Probable) per their September 2009 presentation (slide 12).

http://www.cliffsnaturalresources.com/Investors/Pages/default.aspx

Cheers, Luker

I would like to be privy to any conversations between Peter Smith and Mac...

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