(legally I must disclose the following: all of this post are suppositions, not to be taken as material information -lets call it satire in which the subtlety of the joke is lost in the typing)

Now we know there is Gold in ROF, or as Thomas Morris likes to describe, the belly of the Ring. As a side note, Mac called this one as well.

My hesitation to go all in was that I'm committed to investing only in companies with ore available as opposed to highly prospective properties. This company popped at the NR of finding gold, but now it will predictably crawl down and hopefully those that exited FNC to take the ride are smart enough to get back in FNC.

Unfortunately the timing of SUP NR was lousy. Take a look at our volume. Several FNC exited to chase gold on the same day several Noront investors and a deep pocket entered FNC. So instead of increasing or SP, we were sort of flat.

And what a risk. Smith/Granger have a deal on their desk regarding CHM plus some deep pockets have now expressed serious interest in all of Fermont. I don't know if there is a deal in effect. However, one can assume that since CHM approached FNC, it was required as part of an arrangement with a major for Lac Lamalee or preemptive to keep Lac Lamalee under their option.

I would find it very difficult to exit and reenter right now.

-sg