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: Looking at FNC

Re: Looking at FNC - Bulls Eye!

posted on Oct 21, 2009 05:21PM

Great Post.

I certainly concur that the mineralization - especially Ni/Cu do not stop at the border.

The targets Fancamp has on their maps are very similar to Noront and deep holes to be drilled very soon. I believe drilling will start before freeze up.

Wes Hanson was crystal clear at the annual meeting that Noront is focussed on expanding it's Eagle Nest by drilling and acquisition. Given that Fnc and NOT shared much of the geological ground and airborne surveys - i suspect NOT knows what FNC has but not vice versa..... Harvey was good that way in terms of lending drills and sharing other practices - to garner information thru a one way mirror

Given your observation of management and lack of $$$ Fnc is a sitting duck.

Remember that Mac Watson comes aboard tomorrow and Fnc has Chromite same as FWR since its C-6 targets are an extension of Freewest finds.... not that freewest needs the fnc chromite - it has plenty.

I expect a hostile gesture from Noront at some point in near future...they could reap the benefit of 22M (45M shares at 50 cents) from Magpie alone..... Fnc management does not have control of the stock and is vulnerable....

times are gonna get very interesting - imho!

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