I am uncomfortable with Smith's unrealistic McFaulds drill plan. However, I consider McFaulds is a bonus as I now consider FNC an iron play. If or shall I say when Fancamp hits nickel it will get immediate pop. If Nickel hits many meters it should give us a 5 bagger immediately. However, Smith will never dig it the way Mac did with Freewest, so McFaulds will be sold when Cliffs gets access rolling -a couple of years perhaps.

And truly I hope McFaulds gets the nickel now to get that pop, because I don't think Fancamp will be around 3 quarters from now.

What!!!! SG, are you smelling too many pumpkins rotting in your living room? No. I threw them out or made pumpkin stew. And I never touch drugs.

Here's my reasoning that should take us all out of our comfort zone, especially if your invested in Noront and Fancamp:

Champion is surrounded by Majors: Cliffs, Consolidated Thompson (Wisco), ArecelorMittal, and personal tied with Glencore, Xstrata, Rio Tinto. Even Friedland is has ties with people involved with Fermont. Lets start with the most motivated -Wisco, who needs more iron then Consolidated Thompson can provide. As Champion proves up 1 billion tons on just one property, what will happen when they explore more properties. Do you think they're going to wait till all 16 properties are proved inferred or indicated? that's a little risky considering the proximity of multiple majors and the allure of present infrastructure. What's the cheapest way to take out Champion for their own? Who owns 17.5 percent with a minimal sub 60mil outstanding shares? Fancamp. Pbtain that 17.5 percent for a min offer and endure the vetoes until they own Fancamp and you can make a cheaper offer for Champion ensuring that you control 17.5% of Champion.

Many of we Fancampers will hold out for a 10 bagger (say $5/share or a 250mil offer) but the real question is what will Mineralfields hold out for? they own or will own 30% if Fancamp. The offer they approve will win. the offer will probably be a lot less -a four bagger ($2/share or 100mil offer). Think about it. If you invested 2 million via Mineral fields, you'll take a 8 million, as opposed to a large retail shareholder who put 200 thou and would be disappointed for only 800 thou in the end. I know this because many retail were disappointed from a Freewest 4 bagger.

So it's possible that Wisco could, for 100million, reduce a low-ball (and it's always lowball) offer for Champion from 500million to 200million by simply spending 100million for Fancamp. Obviously that's super low ball. Let's say Wisco could reduce a CHM 1 billion offer to 500million by spending 100million for Fancamp.

PLUS by taking out Fancamp they get 1 of the 16 properties which Smith and Sheridan kept because they thought it had more potential then the rest. I'm not sure how first right of refusal works in this scenario. I'm not sure Smith does either. But perhaps Granger can explain it.

Who really knows the numbers for Champion because they've explored so little of the 16 properties.

Exciting, Right?

Conclusion. get what we can this quarter with the properties we have right now. Magpie, McFaulds, Beauce, Stoke. Were not going to be around soon. Those Majors watching in amazement at the position Champion must find itself wondering, "What the hell were we thinking letting Smith buy that land next to our mines?"

Now where does the Noront threat come in. Let's say Fancamp is taking out by a major and Cliffs is full swing into accessing infrastructure. Now, assuming the Major isn't Cliffs, there is a new Major who has entered the ROF, next to Noront by simply owning all of Fancamp's properties. Noront's Eagle will be a tasty appetizer to devour.

Noront has been languishing at 1.20 for a while. It is owned by 60% institutional. If you are institutional you look for a couple of multiples, not 10 baggers. They'll take Noront out for $5 tops. that's debatable, unless the large shareholders entered at $7, which I doubt, they'll settle for a lot less the retail will be happy at. Feel free to debate this. I don't know the mindset of Noront's large shareholders that well.

From this post, one can see the need to discover Mineralfields game plan and make sure we retail are unified when the voting for an offer begins.

Thanks for indulging my ramblings.

-stockgreed