100% Commitment - 11.16.11

Preamble

We all know Fancamp is a cash cow, but investing in it is a lonely place. So I don’t mind if people get their grumblings out on the forum. Where else? But now that everyone’s got their whining done, let’s get back to point. Five of them.

Point One: swiftness brings profit.

Fani’s point may be legit. If there are laws, can someone post laws that require CEO to show news that buyers might already know? We are not chopped liver, and though Peter Smith is generous with phone time, he mustn't forget many shareholders have been very patient and have legal access, and expect news releases with pertinent info.
In addition, it is difficult to promote a company based on uninformed assets. It is also difficult to successfully encourage an investor to buy, only to have timelines delayed, lack of info, dilution, and a lowered SP.One can blame the market for much, but withholding data that can lift the SP even a little has nothing to do with the market. That has to do with management choices.

The result is that the next time u talk to an investor about Fancamp, you have to get through a wall of doubt and suspicions of blind faith in tour CEO. It makes it harder to bring aboard investors. Delay catches up and equates to greater dilution than need be.

As we've witnessed with Consolidated Thompson, swiftness brings profit. One could argue that Champion is moving swiftly, yet their SP remains low. My counter is their SP is higher than ours, therefore their assets are being recognized where as Magpie is not being recognized, nor our interest in Champion. Also, once Champion sells their offtakes – they take flight. I would also point out, once FNC sells the offtakes, we take flight.

But that brings us back to point, obviously FNC is attempting to sell Magpie Offtake based on some sort of data. We should all be reading the same data the same day that an Offtake buyer might read it.

Point Two: Course Correction – 100% Commitment

Keep the swearing and name tagging on personal messaging. As Fani pointed out- show the legal or strategic objections. That being said, FNC knew they'd be take criticism from those feeling like chopped liver for releasing Financial info today prior to Magpie info.

I very much disapprove of releasing dilution NR while everyone is waiting for Magpie data. It will be hard on many. Unless the financing was in the .60c range, there will be a low volume sell off. To some, it indicates management’s lack of faith that a deal can be made at a higher SP following Magpie data.

Rago’s point may be valid. Once Magpie data is released, a higher SP may make it difficult to obtain financing to continue Lac Lamalee drilling. They were also aware that they need to secure financing now, as next year the money belts may tighten. In other words, they didn't want to make financing deals at this low SP, but that felt that had to balance necessity with smart strategy.

Allow me a moment of tangent extrapolation. Two weeks ago, Peter Smith said he wouldn’t do financing at this low SP. Yet, today’s NR showed that they are indeed uncertain about making financing deals once the SP has risen. I believe they fear not the quality of their assets, but management's skillset's ability to raise money at a higher level. This is very different from Rago’s theory that a higher SP creates an inability to raise money.

This is not meant to condemn, but to make aware a course correction is needed for the future. I come to this conclusion based on Smith's fundamental and strong belief that assays and data speak for themselves. Adhering to this belief, the assays alone should invoke financing that reflects their worth?

At the same time, Smith has always maintained that the CEO should not and does not have time to play the stock price. He needs to focus on proving up the property, not chase market fluctuations. Yet, clearly obtaining financing now is a reaction to market insecurity in the future, thus contradicting his belief system.

In addition, in my mind, a market tightening up belts is an opportunity to attract buyers who have more liquidity. A company must present a quality property that is convincing and assuring of profit. As an investor of FNC, if a company’s assets can’t be presented with this quality of assurance, than the property isn’t good or management isn’t doing their job. Therefore, the market tightening up the belt should not be used as an excuse.

Therefore, they acted opportunistically -at the detriment of dilution –rather than trusting their belief system that FNC assets will fetch financing at a higher market cap.

To further illustrate the point that they lack faith in their skillsets of obtaining future financing, if FNC sells its Magpie offtakes, than surely that will open up avenues of financing currently unexplored.

FNC should have waited.

This is not a condemning criticism, it is an attempt to question if Fancamp has the team necessary to take our assets to the level Champion is taking theFermont. At some point, Smith is going to have to GO FOR IT - Throw in everything and develop a property, risking loss of control by making deals with those with more resources, energy, and experience, to reach the next level. FNC must join with those who have the vigor to make a market cap 10 times what we currently are before production occurs –market be damned! No excuses, no compromises, and no quarter.

Smith must reach deep and pull from his youth that quality which demands what can be, not what is safe to secure a salary. For example, and I enjoy acting crazy as I feel greedy, what would it cost us to have the ex-consolidated Thomson guys prove up Lac Lamalee? Can they do it without conflict of interest with Champion nor loss of value to Champion. I’m all supportive of joining ventures for the same cause- prove up the Fermont properties.

Magpie will need a CEO or three. It needs someone with the energy and will to move swiftly, they learned from mistakes, adapted, and sold the company for 5 billion. Peter Smith should want the same for FNC assets. Would the ex-Consolidated guys be interested in helming Magpie? Perhaps buying out Pat, thus costing us nothing? What contacts do they bring?

Back to point: Commit 100% to a property. Lac Lamalee drill meters is 1/3 that of Fire Lake North's first 43-101. How much money is needed to get Lac Lamalee to a 43-101? How much time is needed to do it. How much money is needed to pay for it. How many meters will todays financing get us at Lac Lamalee? How much more dilution will be needed to get to it. What did Champion do to get financing. How much did it dillute them? Can we do the same, with the same investors. Where will our OS be if we followed suit? Can we do it faster, since they already paved the way?

Never Delay Data as that delays action. One may be hesitant to predict promising completion dates, but the data should be released swiftly for all to see and to help increase demand to obtain better financing to get one closer to the sale of the property.

Point Three: Magpie control vs. direct ownership

We must remember the overall game plan- IPO first quarter next year, but plenty of SP increasing lead up NR's, hopefully beginning this week.

Keep in mind: how can FNC maintain control of the new Magpie company while giving an acceptable, non-mutinous, percentage of direct ownership shares to each of us. We are thinking at this point, get someone to buyout Pat's percentage with a signed voting agreement contract with FNC.

Again, are there laws that help shareholders obtain their rewards? Many have been here too long to not be rewarded.

Point Four: Be Prepared

Be Prepared! We must recognize that there is a time delay for Magpie 43-101. All assays -vanadium and all- must be in to begin that process.

What connections have we to help encourage speeding up the 43-101 process - but that is one of many steps for an IPO. Each step has an opening ready date to take action. We should have swift action not weeks or months after an that opening date, but on that same day. This communicates that we have good Management that is Prepared! The change is coming for Fancamp, we must be prepared.

Point Five: Prepared Promotion

Prior to the value of Magpie stated in a NR, we need to pre-arrange a BNN interview, and articles, and other promotions. We must be prepared to feed the higher FNC SP, prehype of the IPO, and create demand to increase the new Magpie Inc SP. Will Vanadium be the new hotness. If so, how can we capitalize on it.

News releases should also capitalize on excitement from the type of newbie investors who bought in at $3.00 years ago with hopes of nickel. If holes indicate 60% or greater iron, what are the implied effect such percentages can have on the overall value of Magpie? What type of offtakes would we be selling. How much percentage with today's prices would Fancamp receive a year once producing. What are the numbers pre-43-101 management considers when thinking about Magpie IPO and offtakes? Give information that allows Fancamp a chance to soar, like the eagle that took flight only one in McFaulds.

Be prepared and this stock can get to $3.00 rapidly. There is no reason Magpie can’t cause us to surge ahead of Champion’s SP or market cap and have greater leverage to negotiate a deal for the overall Fermont production that will be necessarily consolidated either by Champion or by a Major.

Conclusion:

Swift Action = Profit.

I know my above comments makes Peter Smith exclaim: "Oh the follies of impetuous, willful, youth." Would he say the same about Larsen and Ex-Consolidated Thompson Team? They moved swiftly, so can we. Where is that Fouad report? It may not be needed for the 43-101, but let's see it. Why are the labs taking so long? What can we do to speed it up? Is our system improving, so it is not shipped to the wrong lab next time? ? Are there faster labs? Which labs are Champion using. Have they made alterations to their company and processessing of ore since the ex-Consolidated Thompson guys joined? Have they been in our office? I feel that instead of forging a new way for each wave of assays, we learn in the wake of those ahead of us. Am I giving those guys too much credit? A 5 billion sale sells my belief in them!

I hope I'm communicating the type of energy we need to have vaporing out of Fancamp, attracting the smell of profit irrisistable to majors.

-Stock Greed