Desolation Lake is blue sky stuff. I was first told we were drilling Desolation. However, calling again and it appears we will be drilling in June. The Quantec magnetic telluric survey is completed and Smith is waiting for results to help filter v-tem and mag scans to give us defined areas of stronger conductivity. When I asked Smith if it is larger then C-1, he said "It's huge...probably largest Mag anomaly in JamesBay Lowlands.” He said some could be due to iron but it might also be due to basic and ultrabasic rocks that carry nickel bearing sulphides. It's a major regional structural intersection. The fact that it's covered by limestone caused a few problems. FNC will drill in June.Smith says he’ll publish the readings once the scans are complete. I hope they put it on our new website which is in the works.

I think I got Desolation confused with Eastertownships. We started drilling in our Beauce placer deposit last week. Peter said this is just blue sky prospecting and not considered material until there is something to say. It has a huge gold geochemical anomaly. No one has found the bedrock source for this stuff, so that is what they are going for. Stay tuned.

Meanwhile, McFaulds is about to give us info. They found a large chunk of something, but our SP would have told us if it were nickel. So I'm not anticipating much more then clues that convince Smith of the accuracy of his theory: that E-nest is an extension of C-1 area and we are sourcebetween 1000 to 2000 meters. As it stands a drill rod got stuck. Smith sent a drill team up to resolve it and get more downhole geo-physics. They sent something very interesting to the lab. Whatever the find is, it is inspiring FNC to pursue it. Good or bad? We'll know by end of next week.

But all the above is blue-sky stuff. What are we really invested in.

For my part, I'm glad ROF is not the tail wagging the dog anymore. There are so many other things that is about to lift FNC. There is news to be released by end of this week or the beginning of next (as always). And yes, I am anticipating it to be one of the clump of news we've been waiting for that gives numbers towards the Magpie IPO. The final IPO will be done by Nov or Dec, after they’ve drilled in late June to increase the evaluation. Yes, waiting is difficult. But Smith said he wants to put out an interim Magpie report that will provide the numbers prior to drilling.

Apparently there are a number of reasons for the Magpie info delay, which when released the reason will be “self-explanatory.” My emotions have been set to expect fireworks this summer and payoff this winter. Everything prior to summer I anticipate it to be the involvement of third parties jumping on the FNC gravy-train.

Is it good or bad we are at .50c? I believe we can only go up. Once Magpie investors and evaluations come out we have no choice but to go up. Currently, the market has priced us here due to only our 17.5% of CHM and not due to Magpie which has no metallurgical results to soundly make an evaluation on.

Until winter there are many things that will take us above $1.00, when we finally get payoff.

Cliffs made some institutional investors flush with liquid from the Consolidated Thompson deal. If they wanted 17.5% of
Champion, then I anticipate them to start dipping their toes in FNC the way cliffs did with KWG to eventually acquire Freewest at a firesale.

If we are priced at .50c due to CHM, accordingly, once CHM gets all eight drills rocking and doubles their current tonnage. Fancamp will double this summer. Once we start visuals of Lac Lamalee iron, at the very least, we’ll go up a little, and probably a lot, since out signatures are greater than Firelake North and iron isn’t very deceptive.

Everything else, including McFaulds is Blue Sky. I’m investing only in companies with economic ore. We have Magpie and Champion, bonus when Lac Lamalee joins the Fermont party.

So the question is has anonymous stopped it's selling or transferring shares?Am I correct in assuming Anonymous is finally buying? Fancamp's demand is woeful, despite so many large institutions being interested in us. At some point Granger and Peter need to get a little institutional help on the open market. At this point, the open market needs Magpie numbers. I don’t believe institutions need to see it, because they’ve seen it privately.But PP aren’t helping our FNC SP. Our leaders need to convince institutions that buying FNC in the open market is now the only way to obtain Magpie at basement levels prior to IPO. Once IPO occurs, everything doubles. I’m not sure how that works. But they need to convince institutions to buy FNC openly now. Make FNC SP jump.

There are lots of exciting things until summer by the way. This is one.

Issues of the Hydro-electric development on the Romaine River is resolved. It is 40 kilometers to the east of Magpie. Power transmission corridor will pass about a mile north of the Magpie deposit. The final approvals came recently, location and settlement with First Nations all within the past month.

http://www.canada.com/technology/Hydro+Quebec+Innu+reach+final+deal+Romaine+project/4485238/story.html

I assume most reading this aren’t picking up major percentages anymore, nor are you selling major percentages, but just sitting tight and grinding your teeth due to impatience. Maybe this helps, as my crystal ball isn’t magic, it is insight. Anticipate larger players to pick up FNC volume before the month’s end.

One can tell Smith is going to have a very busy June. Drill info from Lac Lamalee, Magpie, Desolation Lake, Beauce, and consequent lab reports. None of this is blue sky pump. It is solid. I think FNC is a good bet.

-StockGreed