seriously

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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fani

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seriously

in response to

Re: What going on this morning RTQ .34 ??? EOM

rago1

posted on Feb 10, 2012 04:23PM

champion has market cap of 182M divide by 82.5% x 17.5% - FNC mtk should be 38M

Fnc is at 27M

NO value for magpie nor lamalee nor rof nor beauce.

so seriously this is frightfully undervalued.

why can't management make the market in general see that??? INCOMPETENT.

Rago - why will IPO of magpie be any different... market anticipates news and doesn't ONLY react after the fact.

we all know IPO is happening so what is mkt not moving up significatntly....

are U sure that shares of IPO - call it Magpie Public - will come to fnc shareholders and not rest in Smiths' incompetent hands to do as he please and force a discounted value.

you can't be 100% sure that we shareholders see those magpie shares to trade as we ourselves want...