Re: Our Share of Magpie = 605.48 Million Gold Equivalent Ounces
in response to
by
posted on
Sep 03, 2013 05:46PM
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.
Hello Cart51.
As I understand your viewpoint, the “Blah, Blah, Blah” from me should be dismissed because it’s nothing but my “dreams.” As I understand you, Fancamp’s market price contradicts all my number crunching and all my “long verbiage.”
First of all, I take issue with your having given yourself any good reason to use hot-headed language and to mock me. Certainly, I haven’t given to you the remotest reason or the least excuse for your nasty attitude and insulting choice of words. I assure you, on my end, I’ve only been trying to be constructive and to encourage everyone else to join in and have a constructive conversation.
If you were talking to me, face-to-face, would you choose the same words you’ve given yourself license to use on Agoracom? In April, you felt the need to insert into an Agoracom message posted by you (for the beneficial instruction of any Fancamp shareholder who happened to be out there) that Rago is “just another blithering idiot.” Speaking that way in front of everybody is even worse than insulting your chosen adversary in person.
Trust me. Think about it on your own. In the future, you have any number of better ways to advance your arguments and to inform us all where we’re right or where we’ve made mistakes.
Second of all, there is a school of thought that messages such as your last one are best left unanswered because it’s self-evident how misguided and how wrong they are. I respect that way of looking at things but do not subscribe to it myself. Usually, there’s more good in a person than their careless choice of words from time to time. Behind the less-than-perfect way you’ve been talking, I trust that you have valid ideas that you haven’t, as yet, expressed but we all would benefit from hearing.
However, looking beyond your latest choice of words, your last post does not make much sense anyway. In my post, my point was the market price of Fancamp stock has lost any connection (it may have once had) to the underlying market prices of the Magpie resources behind the stock.
Especially, when it comes to Titanium, Chromium, and Vanadium, the market prices are sky high. When it comes to Fancamp (which, literally, owns a huge mountain of them), the market price is practically nonexistent. Your answer is, I’m dreaming. How so? Your answer is, Fancamp stock is way down because that’s the market’s verdict. I don’t disagree your pointing that out. Obviously, I pointed that out myself. But you’re missing the point.
The overriding and central point is there are also markets and market prices for such things as Titanium, Chromium, Vanadium, and Iron. You cannot have it both ways. It makes no sense to believe the market is all-knowing when it comes to Fancamp’s stock, but deserves no mention when it comes to the market prices of the resources behind the stock.
Your second criticism of me was for talking too long. You’re not the first to say that. However, it’s also true and fair to say, I’ve received more compliments for going into detail than criticisms for it.
Even so, I am mindful that your time is precious. As others respect being short-and-sweet, so do I. But understand what’s going on here and think about the context in which I’m saying what I’m saying. I’ve spotlighted statistics that are part of the public record but have not captured the attention of investors. The numbers crunching I’ve engaged in requires a little time-consuming explaining. But I believe it is critical for us to understand the value of our assets, looking at them from more than one angle.
At this point in time, being a shareholder in Fancamp requires putting aside self-doubt and accepting what the plain facts are telling us. This is not an exercise in following what has captured the popular fancy. Sometimes, investors make money following the popular trend. This is not one of those times. Whether we intended this to happen or not, presently, investing or holding shares in Fancamp requires the investment strategies and the staying power of a true contrarian.