FNC is in a serious position. Looking on Gestim (it only works in internet explorer)

https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM02101_login.aspx

and using the free consultation feature and accept their rules and click consult register and choose research in there. Fancamp is 19174 as title holder

Then down at the bottom click active and you get 3,270 current titles, and it tells you where and you can click on the claim number and look at the data on the claims, and jump to the map as well. You can see the work needed, work there now and when the will expire. etc etc

Repeat the above and click expired and you get 4,298 claims expired, and it will show when. It is normal to acquire claims, review them and then let them go in they show nothing.

repeat in the expiration date field and use 365 days = 882 titles expire in a year. Detailed work will show what is needed for each claim, and what is needed to keep them all.

This is fairly normal exploration land management watching on Gestim, but I see significant cash needs to simply maintain the land for cash. Drilling is not a very good solution, you put $100,000 into a hole and it is on one claim. The work can be spread about a little, but not over all claims. Geophysics can be spread over all claims flown over.

So Fancamp is approaching a crunch. To maintain the company for the next 2 years and renew all the claims will require a couple of million dollars. True they acquired 1,350,000 in December,,but some of that is gone and more than that is needed to keep all the claims alive, so clearly, some will have to be allowed to lapse BEFORE THEY HAVE BEEN PROPERLY EXPLORED TO MAKE THAT DECISION. They have shares they will be able to sell some Argex in October to pay the rent. And then there is Magpie. Repeat with 81408 in Gestim and you can see more cash is needed. They have their drilling programs of last year to help, but they can not be spread over the full area.

The right thing has been done with Bold, they should lay off claims they are going to lose anyway to others with money to explore - are there any people like that out there?

So potential cruch time approaches, for very dilutive share sales. I wonder if the company that provided the recent PP has done their work and can see this crash approaching, or was even aware of this aspect of their risk?