CIA is worth at least $0.20-$0.30. Koper Lake for Bold/Kwg to up their ownership another 20% is worth $15 mil ... another $0.10 and FNC would still own 20%, in the ROF. The Magpie project is a $9-$10mil project with gov't funding and some serious partners and doesn't take into consideration Magpie itself or the patent which is still waiting approval. 

Hopefully Peter dumped the SX shares when SX was at the $2.50 range to give FNC some working capital. FNC still holds about a million shares of RGX which looks promising and 5 mil shares of KWG which with any luck will get taken out.

Look at all the other properties that FNC holds ... we have a multitude of minerals and NSR's etc.

Ergo, I believe that FNC is extremely undervaluded.

FNC, IMHO, should be trading currently in or above the $0.30 range and that would still be a bargain for what they have.

I realize the market doesn't see it that way but then again there is a lot of games played on the TSXV.

Peed off but still hanging in.

GLTA

Terry