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: Three for One

Fancamp Resources instead of Fancamp Exploration is indeed the result of new hands helping Smith write the News Releases.

What we should not ignore is that Pat is on board finally with a Magpie IPO. One can then assume FNC will move forward with a Lac Lamalee IPO. The only thing to hold Pat up from a Lac Lamalee IPO would be a sell out to CHM, in which case we'll be exploring Lac Lamalee sooner then later. But I suspect that by the end of the month holders of FNC can anticipate becoming holders of three companies.

The immediate next question is how much to value Magpie. That depends on metallurgical results. At 1.1 B Tons @43% Fe and 11% TiO2 it is by any standards a world class deposit of its kind. It is easily mineable being above ground (app. 400ft high).

Of course much depends on metallurgical results before too long. The news release mentioned first half of 2011, but Smith and Granger are pushing for a couple weeks.

-StockGreed
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