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: Re: Question/Thought
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Jun 21, 2010 09:20PM
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Jun 22, 2010 01:10AM
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Jun 22, 2010 01:10AM
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Jun 22, 2010 01:10AM

Welcome to this board I started accumulating both FNC and GNH at the same time many years ago I never thought I would see GNH SP higher than FNC but it has happened. There was consideration to spinning off Magpie but the plan now is to establish its value and sell it- most likely to a large steel company Korean? Chinese? East Asian? I think this may happen before the end of the year I understand FNC was offered $100,000.000 for the property a whikle back which would be $1.00/share for FNC's half The total tonnage of iron ore (price has moved up considerably since that first offer) would justify a price of many multiples of $1.

The McFaulds property although small may have the Ni mother lode and Cr as well That is why I believe a deal with NOT would be win win for both companies Assays of deep and shallow drills should be reported by mid July Good results will sky rocket the SP of both FNC and NOT

The company should announce drilling in Stoke Mountain Clinton and the Beauce before the end of this month They have interesting targets and may try to increase their batting average with the soil gas technology which was a real winner for GNH There is also Norway Lake which seems to have same geology as Brett resources which was taken out

And then there are the CHM and RGX properties.......

This is a play which is just now getting off the ground It is just waiting to be discovered by the street Its all time high was almost $3.00 but it got there because of NOT Now it will have to get there on its own.

Time will tell

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Jun 22, 2010 06:33AM
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Jun 25, 2010 06:45PM
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Jun 25, 2010 08:24PM
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Jun 28, 2010 09:34AM
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