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: The Math

I posted back on OCT 20/17 about what a great buying opportunity FNC was.  I believe the share price at the time was .05 as I added lots to my portfolio at the time.

Since then, the price has been as high as .18.  

For everyone who wants to be critical of Peter's timing in selling stock, perhaps you missed an opportunity to take some profit yourselfs.

Regardless, this pull back looks like another great buying opportunity, for which I have added more around the .09 mark.

Changes since then include the following:

The ROF appears to be progressing behind the scenes with many recent announcements of fibre cable, hydro, smelter...ect., not to mention there is a provincial election coming up and the ROF could be front and centre.

CIA is now producing ore; and although iron ore prices have pulled back some, the current price is beyond that used in their feasiblity study....several shipments have left port in recent weeks...high quality premium iron ore.....all within projected cost and ahead of schedule, so not sure why CIA's share price is lagging.

The pilot project for Magpie should be close to bringing about some news shortly.

Commodity prices overall are edging up and FNC has a great mix of properties....at any time we could be optioning off for cash and/or shares.

 

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