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 tuluric 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. 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. " They'll drill in June. Smith says he’ll publish the readings once the scans are complete. Perhaps with our new website.

I think I got Desolation confused with Eastertownships. We started drilling in Beuce placer deposit last week. But this is just blue sky prospecting. 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 their 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 that his theory that E-nest is an extension of C-1 area and we are source between 1000 to 2000 meters. As it stands we had a drill rods that got stuck. Sending a drill team up to resolve it, and get more 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. News to be released end of week or beginning of next (as always). And yes, I'm 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, once they’ve drilled in late June and can increase the evaluation. Yes, waiting is difficult. But Smith will put out an interim Magpie report that will provide the numbers prior to drilling.

Apparently there are a number of reasons for the delays which when released it will be
self-explanatory for the delay. My emotions have been set to expect fireworks this summer and
Payoff this winter, so everything else along the way will involve third parties jumping on the FNC gravytrain.

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 till we finally get payoff.

Cliffs made some Inst. Investors flush with liquid from Cons Thomp 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 achieve Freewest firesale.

If we are priced at .50c due to CHM, accordingly, once CHM gets all eight drills rocking and doubles their current tonnage we double this summer, so will Fancamp. Once we start visuals of Lac Lamalee iron we -I'm not sure- go up at least a little if not a lot.

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 share transfer? Am I correct in assuming Anonymous is finally buying now that they’ve done selling? Fancamp's demand is woeful, despite so many large institutions being nterested in us. At some point Granger and Peter need to get a littleinstitutional help on the open market. At this point, the open market needs Magpie numbers, but institutions already see Magpie as a gravy train.Our leaders need to convice them that buying FNC in the open market is the best way to enter 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 klmeters 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. Anticpate larger players to pick up FNC volume before months end.

If Champion doubles to $4.00 due to doubling their ore in the summer, then we double to $1.00.But in addition, we add Lac Lamalee to more than double. And we add Magpie IPO and dividend. I think FNC is a good bet.

One can tell Smith is going to have a very busy June. Drills info from Lac Lamalee, Magpie, Desolation Lake, Beauce, and lab reports coming back.

None of that is blue sky pump. It is solid.

-StockGreed