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: Excellent News Release - $7.84 per FNC share

This is the type of News Release we want to encourage. Peter Smith piggybacked Champion’s NR and he included number values. In November, Champion will provide an NPV.

http://tmx.quotemedia.com/article.php?newsid=44964515&qm_symbol=FNC

Now we’d love to continue this trend with a news release on Lac Lamalee and Magpie assays. The number Larsen and Smith placed out there for us can become a starting number to base an evaluation.

CHM 388 million tons is to FNC’s 287million dollars as CHM’s new increased 1061 million tons is to FNC’s ? million dollars.

1061mt X 287mil divided by 388mil = 784mil divided by 100mil OS FNC Shares =$7.84 per FNC share.

$7.84 per FNC share.

In addition, this value will be fulfilled not by Smith’s team, but by Champion’s team which includes the three Consolidated Thompson guys (Marc Duchesne, Richard Quesnal, and I don’t know the third guy). These three guys intend to do with Champion what they did with Consolidated Thompson/WISCO.This number will increase as other 14 properties in the Fermont co-owned by Champion and Fancamp properties are explored.

As Smith said, the NPV is simply an interesting working number. It is a number to keep in mind when negotiating with Champion for a deal. An NPV is not a realistic number to negotiate from, but it certainly justifies in his mind why he didn’t want to accept Champion’s lower offer. From my conversations with Champion, both companies would like a deal to go through. CHM wants to avoid dillution as much as they can, and they can understand FNC's desire to get a fair trade. They want to reach a point where both companies feel satisfied. I keep trying to encourage both companies to get together again. Perhaps with November’s NPV and Champion's SP back to between $2 and $3, Smith and Larsen can go back to the drawing board, and find a number where CHM can shareswap with FNC for 100% control of Fermont properties –except for Lac Lamalee.

I known estimating FNC SP at $7.84 based on CHM NPV isn't realistic. At the very least it makes FNC and CHM current SP seem absurdly silly. But, most stocks out there are unreasonably low with little reasoning behind it. Can’t one easily justify, with equal lack of valuation reasoning that FNC can at least be valued at $1, and then pile other Fancamp’s assets.

Obviously this number doesn’t include Net Smelter Rights which Goldhunter attempted to break down.

http://agoracom.com/ir/Fancamp/forums/discussion/topics/501571-question-nsr/messages/1598382#message

It doesn’t include Lac Lamalee, which apparently is finding equally significant results as CHM’s Firelake North. It doesn’t include Magpie IPO due Nov/Dec. Those are the main assets. Once again, I implore Peter Smith to release a couple exceptional intersection assays for each of these properties this week.

We can’t do anything about the abhorrent market conditions, nor the billions selling good companies down the drain. We know CHM and FNC will pop once this-sell off is completed. Whoever is selling knows CHM and FNC probably understand that without their selling, these stocks will rise.If they are selling out of financial difficulties, then they hate doing it and have my sympathies. We’ve all been there. If they are part of a billion dollar institutional commodities sell-off spread program, then thanks for allowing me to increase my position.

In the mean time, we know there is a lot of cash out there, so let’s give a reason to keep us on the radar for when the selling stops.Let’s get a couple of assay news releases out there and build momentum to a compilation sum of all tonnage discovered for each Lac Lamalee and Magpie properties.

-StockGreed

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