49 North Resources Inc V.FNR

Alternate Symbol(s): FNINF

Financial Services Asset Management

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.

TSXV:FNR - Post by User

49 North Resources Inc

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Post by Henmystirsiron Apr 09, 2010 11:59pm

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Post# 16977208

6200 acres might be hot drilling.

So FNR paid 560$ per acre for 90% which is $622 per acre and land in that area is going for $1457 per acre so that seems like quite a bargain to me, Nice. If each acre sold for some of the prices paid in that area it may actually be near $8 million. Well cant wait for the drilling and fracturing to take place. Sure have some nice investments in FNR holdings. Little more patience and we should be rewarded. Share price holding its own but would like to see the float shrinking... re-share repurchasing. All in my opinion.

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