Re: CHM PEA

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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FANTOMAS

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Re: CHM PEA

in response to

CHM PEA

rago1

posted on Nov 21, 2011 08:30AM

http://agoracom.com/ir/ChampionMinerals/forums/discussion/topics/508097-updated-preliminary-economic-assessment-study-for-fire-lake-north-project/messages/1615236#message

rago: "$4 B / FNC $ 700M = $7/share?"

NPV is $4B at 8% Discounted Cash Flow, and estimated costs are $1,368B.

I hope we get a good price for our 17,5%, because to go for production would cost FNC $239.4M, meaning a lot more dilution than we have just seen.

Peter, find a buyer for this nice parcel !

I would be happy with a $2 cash dividend for each FNC share.

FANTOMAS

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