RE: swim with the currentIf you look at FPX.v it is trading at A 50% DISCOUNT to NAV with a market cap ot $7 million. Pintree Capital, RBC, RAB Special Stuations, Dexell, Sercor own shares. Stacked Management.
FPX owns 2.4 million shares of AQA.v
2,400,000 AQA.v @ $2.00 $4.8 million
FPX has cash in the bank $1.0 million
FPX land ownership $4.8 million
Gives a rough NAV of FPX of $10.6 million or $0.22 per share at current AQA prices and its trading at less than $0.15. For the price of the AQA shares they could get the rest of FPX for free - and the above estimates does not included any gold or silver from FPX. Thoughts?
ttp://www.firstpointminerals.com/s/Home.asp
2.4 Million Shares in Aquila Resources - AQA.v
In early 2004, First Point entered into a new base metal exploration arrangement with a private American company, Menominee River Exploration Corp. and formed Aquila Resources. First Point currently has 2.4 million shares in Aquila Resources, which has two massive sulphide zinc projects; the Cedros Project, a drill ready zinc-silver project in Honduras, and the Back Forty Project, an advanced stage zinc-gold project in Michigan.
First Point Minerals - looks very interesting and very cheap:
https://www.firstpointminerals.com/s/Home.asp
https://www.firstpointminerals.com/i/pdf/CorporatePresentation.pdf
Projects
https://www.firstpointminerals.com/s/RioLuna.asp
https://www.firstpointminerals.com/s/Cacamuya.asp
https://www.firstpointminerals.com/s/BHP-JV.asp
https://www.firstpointminerals.com/s/Aquila.asp
https://www.firstpointminerals.com/s/Nicaragua.asp
Report
https://www.firstpointminerals.com/s/QwikReport.asp
First Point Minerals Corp. is a Canadian based mineral exploration company focused on acquisition of precious and base metal properties in the Americas. The company is currently focusing its efforts in Central America to develop reserves on the Rio Luna gold property in Nicaragua and the Cacamuyá gold/silver property in Honduras. The management team with over 120 years of management experience in over 30 countries, is led by Dr. Peter M D Bradshaw and Dr. Ron Britten who collectively have been instrumental in the discovery, exploration and advancement of seven major mines containing over 25 million ounces of gold as well as several other mineral discoveries worldwide
JMHO TIA