Six Exciting Reasons to begin a new year with FNC

1) The entrance of our recent large shareholders may indicate an intent to push SP up there and motivation to pressure management for shareholder returns. Further investigation of past examples and links would be useful. Especially of Sprott.

2) For me, an IPO is a big deal. Peter and Pat gave the green light to fast track a Magpie IPO. This will be the first gift Smith has given his shareholders for hanging in there with him through both ups and downs.

I see it as symbolic of a new proactive Fancamp with large shareholders to attend. It's not a coincidence that shortly after Smith moves Granger to chairman that Magpie will get it's long overdue IPO. Granger’s specialty is increasing shareholder value coupled with legal savy and a lot of contacts. Coincidentally this is the same time we began receiving profits from FWR transfer to Cliffs. It's a great way to begin a new year.

Think on this: there is a strong possibility that a buyer is interested and is waiting for Fouad's results. If true, one could see the motivation to separate Magpie from Fancamp before the strong possibility of hostile offer. Yesterday Mineralfields gave their blessing to IPO Magpie. Perhaps they are keenly aware of FNC's vulnerability (mc is cheaper then concrete valuation).

I've got a loud impression that FNC management feels they are losing control of their tight knit group of shareholders. They must entertain the fearful notion that someone may be accumulating or making backdoor deals for a takeover.

All this means to me is that I, the shareholder, will make money. How much will depend on how much the large shareholders want. A couple multiples or many multiples will depend on Mineralfields’ and Sprott’s exit strategy, as they will control much of the votes to approve or disapprove an offer. I am certain there will be good cause for retail cohesion in the near future, which is why I’d like Sprott and MF to communicate to one of us.

3) Each time Champion releases an Iron ore increase, our SP will pop. They have at least three drills, are well funded, are moving like lightning, and are motivated to prove up and sell. Though they’ll entertain it, there is no pretense of a prolonged development project.

They anticipate doubling their current ore by end of first quarter, not by end of the year. That may be too ambitious, however you've got to love that their motivation is to give the dance card to the lurking suitors Arcelor and Cliffs. Actually, after their last NR, they only have ¾ of a billion tons to go. With their recent 30million funding, they may double this year’s 9 million dollar drill plan.

I've got to believe that the larger the Major the longer they can afford to wait for CHM to get closer to 5 billion tons of ore. Someone smaller might want to exercise more risk to save a little and make an offer sooner. Should this occur the larger major would be forced to enter the dance.

4 )Mcfaulds is back in action after hibernation. Now here is the beautiful thing about an IPO. Our current MC is neither supported by McFaulds nor Magpie. We are all supported by Fermont. Therefore, splitting off Magpie, won’t hurt our SP and we investors get shares of another company. Assuming this is true, I would also suggest splitting off McFaulds from Fancamp. Give investor share-swaps with Nemis’ new company. I know many will hate me suggesting this, but give us a Noront shareswaps, as they are well funded to prove things up. We will soon be at a 1 for 1 with Noront. And with NOT below $1, it’s going to increase. It may be a good deal.

The other thing to consider is how multiple catalysts occurring in the same in the same quarter effects the SP. It’s possible that McFaulds could hit, sending our SP to $2, $3, or $10. However, it is also possible that several SP catalysts could occur at once. McFaulds could hit, RGX hits, Magpie gets an IPO, CHM doubles, Lac Lamalee is spun off, Lac Lamalee begins drilling and visuals reported. These are six catalysts which could occur all at once.

If you attributed $1 to each catalyst and they all occur at once, would the SP reflect it and hit 6 dollars? I don’t think it would. I think if all occurred at once, the SP would be at 1 or 2 dollars. Also consider that if we reach one or two dollars, Smith will dilute the OS further to get funding for all these projects. However, if each property was already spun off and had an IPO, then we shareholders would hold $6 worth in our portfolio. Marketing would be simpler as each property would have its own identity.

5) I'd like Smith to fast track Lac Lamalee drilling. Perhaps offer Arcelor or CHM to earn 50% interest by buying out Pat and drilling asap. Offering to Cliffs or Arcelor would be an open declaration of a bid war as CHM has first right of refusal. The point is, we need to Swiss cheese Lac Lamalee. I see no reason for delay. Peter Smith needs to be on the phone today arranging drill relocation or calling Larsen to assist.

We may be a thorn in Champion’s side, however we will all be part of one company some time. The higher we get FNC MC, the harder to backdoor Champion with an FNC takeout. Certainly drilling LacLamalee is one way to do this. Larsen might think of an increased FNC MC as shoring up its own defenses.

6) RGX. Granger is working to free up shares. I would like it in dividends. However, Smith will need it to keep up with CHM spending.

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With all this in mind, it’s difficult not to feel enthusiasm for the profit Fancamp will bring, not in a year from now, but now –this quarter.

-StockGreed