I believe it boils down to the lack of aggressive marketing.

With the announcement today for the roads into the ROF, that should have given us several cents more based on the fact that we still own 50% of Koper Lake (Black Horse) and for BOL/KWG to exercise their further options on the property FNC would receive value in excess of $15mil. 

Taking into consideration that the closer CIA gets to re-starting the Bloom mine the SP SHOULD increase. Value unknown at this time but a conservative guesstimate of $20mil to FNC's coffers.

It'll have been 2 years since the Magpie process patent publication date Sept. 11, more news to come soon? Value?

Shares in HPQ, KWG no value according to the market.

I'm not thrilled either with the current SP but I have no control over the market so I am just biding my time until I can unload.

GLTA

Terry