HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: FNC next?

FNC next?

posted on May 14, 2008 08:25AM

The news today of joint venture between FWR and NOT where each of them threw part of their claims into the pot and take 50/50 on whatever results could be a nice precident for FNC to follow.

Could be very attractive for FNC to share cost of exploration and participate in 50/50 on what appears to be their somewhat larger portion of anomality identified on the border between FNC/NOT claims.

Such a win/win deal goes a long way towards closing the circle on the Double Eagle mineralization and have positive effect on share pricing in the market.

FNC president recently flew up to Thunderbay to discuss things with Geologists for planned drilling after breakup so 'the iron is hot'. Possibly wishful thinking on my part but then I never expected the Not/Fwr jv either. Major points for the management of both companies imho.

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