As we've covered before, we are talking to each other, and pretty much know where we all stand. Anything we discuss seems to be remaining in our little group. As one of the posts said before, phone calls don't count. We need the data from the horse’s mouth. Peter needs to be the one letting us know how much Magpie is worth.

Refer to my timeline again and then begin compiling prices onto the SP:

A ) Could Magpie be worth a minimum of $1.00 once it has an IPO?

B ) How much could Lac Lamalee add to the SP? Let’s take a look at CHM's steps that one might apply to FNC.

Champion was between .80 and .90c when this happened.

Champion Minerals Drills 361.5 Metres of Iron Mineralization at Fire Lake North TORONTO, ONTARIO, Oct. 18, 2010 http://tmx.quotemedia.com/article.php?newsid=34850696&qm_symbol=CHM:CA

At this point, Smith and Larsen were confident they had more. Definite buy, though many ignored it. Even Agoracom postings were dead.

November 3 - trading halt. Then news release taking SP up to $1.10, but still the market ignored it.

Champion Minerals Releases Positive Preliminary Economic Assessment Study on the Fire Lake North Project

Nov. 3, 2010

http://tmx.quotemedia.com/article.php?newsid=35348583&qm_symbol=CHM:CA

Even though CHM had this key igniter, it was still ignored:

“The PEA study shows a Net Present Value (NPV) of US$ 1.637 billion at a cash flow discount rate of 5% based on an Iron concentrate production rate of 7 million tonnes per year at a grade of 65% Iron. The internal rate of return ("IRR") for the project is 24.8%.”

The SP lingered for a few days then took off again. Five days later, on 11/8/10 the SP spiked to $1.27 and 11/12/10 it hit 1.62.This was all based on 388 million tons grading 29% Total Iron. Perhaps it was based on a leak for the 11/16/10 news release:

Champion Minerals Increases Intersection Length in Drill Hole FL10-21 to 336.9m Grading 36.2% Total Iron on Fire Lake North

TORONTO, ONTARIO, Nov. 16, 2010

http://tmx.quotemedia.com/article.php?newsid=35769583&qm_symbol=CHM:CA

Thus letting the world know that Fermont has much iron still to be explored and it is for real.From here on they continued to prove ore taking them up to $3.14 on 2/4/11.

I’m trying to demonstrate here that an ignored SP, or “undervalued” SP, does not mean posters are making excuses and are desperately pumping a security. It may simply mean, posters are ahead of the curb and the big money hasn’t had its consulting meeting yet. But to address Fani’s point.Smith needs to create an igniter statement like the above.

Just based on Champion results, should we demonstrate 500 million to 1 billion tons of iron, I feel I could easily tack on $1.00 to Magpie results to make $2.00 – easily. Tack on the looming date of a Magpie IPO, and our 17.5% of Champion's ever increasing tons of iron, and we can easily get to between $2.00 and $3.00. Again, this is not including FNC mergers, Beauce, nor McFauld’s chromite.

Refer to timeline.

http://agoracom.com/ir/Fancamp/forums/discussion/topics/485115-fancamp-road-to-multiples-timeline/messages/1556135#message

But the questions Fani raises, and we should all ask, what did Champion do to get the world to notice their property?Does it take more than simply announcing the ore to the world? Do you need an inside man with the investors as well? Would Champion have an above $2.00 SP if it weren’t for Mehra? Can Granger do what Champion did? Champion got a director who could spread the world to key European investors. We think Granger can do it.

“Mr. Ashwath Mehra, BSc, (Econ) has been the Chief Executive Officer of MRI Trading AG since 2002. Mr. Mehra serves as the Chief Executive Officer of MRI Resources AG, MRI Advisory AG and MRI Group. He has substantial experience in projects and project finance He worked in the minerals industry for 22 years, starting his career with Philipp Brothers after which he spent 10 years with Glencore, where he was a Senior Partner and ran the Nickel and Cobalt Divisions. He also worked on equity and bond issues. Mr. Mehra has been a Non Executive Director of Northern Iron Limited since May 22, 2007 and EMED Mining Public Limited since October 17, 2008. He serves as a Director of Champion Minerals, Inc. and Shamika Resources, Inc. He served as a Director of Marc Rich + Co. Investment A.G., MRI Resources AG, MRI Trading AG, MRI Investment AG, MRI Resources South Africa AG, Andina Trade SAC, Janus AG, Mimeco AG, Pulchra AG, Shorthorn AG, ERIG/MRI Private Equity Investments AG, Northern Iron Ltd., HBM Biopharma India and Shamika Resources Inc. Mr. Mehra holds a Bachelor degree in Economics and Philosophy from the London School of Economics.”

The question I’m presenting here is not whether the ore can justify a $3 price, but do we have enough hand shaking to make it happen? I think Granger already has got it done. According to my timeline, FNC is assembling the right prep work before letting us know.

-StockGreed