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

Bullboard Posts

Post by Henmystirsiron May 05, 2011 2:58pm

184 Views

Post# 18536067

Too cheap, buying more.

When you consider Allstar which was estimated to be worth $30 million currently but on the books at $3 million so you would add $27 million into the assets which would add $1.80 per share NAV which they have currently at $4.56 that gives a NAV of $6.36.... That just seems like way too much of a discount trading at almost half that amount now. Sellers will be very disappointed in the future. This is a long term play and should produce some millionaires in the process.
FNR buyer.

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