FNC MD&A at 9 months vs year end9 months
The future of the Company remains promising; the value of our various shareholdings in today's market have increased substantially (with the notable exception of Argex) and is in the 3-4 million dollar range.
Year end
The future of the Company remains promising; the value of our various shareholdings in today's market have increased substantially and is in the 2-4 million dollar range.
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9 months
The prospects of successful commercialization of the proprietary Magpie Process for the separation of high grade Ti02 from iron ores are improving in connection with a number of potential domestic users, and news releases will be forthcoming if, as, and when, arrangements are confirmed. The Magpie Mines Inc. controlled by Fancamp will remain an essential unit of the company with the potential to produce dividends.
Year end
The prospects of successful commercialization of the proprietary Magpie Process for the separation of high grade Ti02 from iron ores are improving in connection with a number of potential domestic users, and news releases will be forthcoming if, as, and when, arrangements are confirmed. The Magpie Mines Inc. controlled by Fancamp will remain an essential unit of the company with the potential to produce dividends.
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9 months
The Company holds important positions in the iron ore sector, particularly royalty and equity interests in Champion Iron Mines which is moving ahead with Quebec Government support to consolidate and improve the productivity of the Fermont District iron ore deposits - at what is probably the bottom of the market. Serious turnaround in iron ore fortunes could have a very large leverage effect on these operations.
Year end
The Company holds important positions in the iron ore sector, particularly royalty and equity interests in Champion Iron Mines Ltd., which is moving ahead with Quebec Government upport to consolidate and improve the productivity of the Fermont District iron ore deposits - at what is probably the bottom of the market. Serious turnaround in iron ore fortunes could have a very large leverage effect on these operations.
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9 months
The Company's Koper Lake chromite holdings, the Black Horse Deposit, in the so called "Ring of Fire", is again gaining serious attention because of Chinese interest and the current federal and provincial government emphasis on the development of infrastructure needed to exploit these resources
Year end
The Company's Koper Lake chromite holdings, the Black Horse Deposit, in the so called "Ring of Fire", is again gaining serious attention because of Chinese interest and the current federal and provincial government emphasis on the development of infrastructure needed to exploit these resources.
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9 months
The Company's grassroots gold properties in western Gasp and Abitibi, Quebec have
generated interest and some option agreements are being worked on. The Gasp properties in particular are of interest from the standpoint of generating income through bulk sampling of these high grade gold vein systems.
Year end
The Company's grassroots gold properties in western Gasp region, Quebec have
generated interest and some option agreements are being worked on. The Gasp Group properties in particular are of interest from the standpoint of generating income through bulk sampling of these high grade gold vein systems
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9 months
The Company continues to take advantage of this slow period to identify and acquire by inexpensive claim staking, resources which could be of economic interest as market conditions improve. For example, one of these grassroots properties covers a 23km long unexplored pegmatite dyke complex some 60 km east of Chibougamau,which contains numerous lepidolite mica occurrences. This material is a source of lithium and could well be of economic interest, given the present state of that market.
Year end
The Company continues to take advantage of this slow period to identify and acquire by inexpensive claim staking, such as lithium, resources which could be of economic interest as market conditions improve. Several new lithium properties are being staked and efforts continue in this area.
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9 months
All of the above activities require effort and expenditures and given the state of the present market, resources are best spent in this direction. It is notable that parts of the speculative junior market is at last showing signs of life (UBR, for example, of which we hold 8 million shares).
Year end
All of the above activities require effort and expenditures and given the state of the present market, resources are best spent in this direction