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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

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

Bullboard Posts
Post by denisonodon Jan 01, 2012 6:12pm
470 Views
Post# 19363308

Four Year Future?

Four Year Future?

Just  relaxing and watching the KC-Denver game.  I'm still excited about the Allstar developments in 2011, the new partnership from FNR, and the current and projected dividend policy.  I'm trying to project the year end dividend level and share price for the next four years.  In 2012, I see a small .005 quarterly increase and then .01, or more, the following three years.  I'm giving Allstar more than 18 months to really take shape and either add significantly  to cash flow or have a liquidity event.  My current year end annual dividend rate and share prices: 2012, .10, 3.87; 2013, .14, 5.42; 2014, .18; and 2015, .24, 9.30.  If this holds true, FNR would have a total return of 306% over the 5-years (YE 2010 - YE 2015). ( Nothing like  going out on limb.)  There will most likely be many ups and downs over the next five years.  However, if the would economy returns to just some level of normality and we don't have a hot war in the Middle East, 49 North should do very well.  Will it reach these targets?  Will it do much better?  I don't expect much news either way till Apr-May when we should get two earnings reports.  IMO, FNR is a long term project which could be very rewarding for patient investors.  Recommed everyone do their DD including trying to follow the recent and future area oil related transactions.  Good luck to all.

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