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: Re: Negative $7.5 Million = Market Appraisal - Values of FNC Holding
NSR
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May 12, 2012 07:05AM
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May 13, 2012 09:07AM
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May 13, 2012 09:24AM

Hey Lethal,

The list was put out there for everyone to have a chance to put some holes through, if they have better information. But, I did not discuss much on the conservatism in picking up the values for the items to come up with the total asset value of $220M (for working out the $2.00/s, I did say minimum though). Perhaps I was too conservative in assigning the values for some items on the list of FNC holdings.

In fact, I have a higher value for the SP, but I could be blamed for being too optimistic, unrealistic, out-to-lunch, etc, etc. I have thick enough armour to take one thousand arrows , but it would be better to leave it to the people to do their own tea-leaf reading.

Rebuttals (of the $2.00/s) supported with facts and well-founded reasoning would always be welcome.

goldhunter

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May 14, 2012 02:55AM
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May 14, 2012 03:37PM
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