FOS is More than a Bargain...MarketCap too Low FOS has 3x More Cash than ST and Trades at less than Half Market Cap ? Go Figure....
FOS has a M&I resource of 62M Tonnes averaging 23.55% P205
ST has a M&I resource of 20M Tonnes averaging 30.60% P205
https://www.phoscan.ca/documents/presentations/2011-03-02.pdf
Lets see.... StoneGate Agricom ( A Phosphate Explorer) ST on TSX Raised $51Million in IPO in 2010....Now they have perhaps $22M Cash Left on Balance sheet. ST's Market Cap is $100 Million. Sprott is their Largest Shareholder 32.5%.
FOS has $66 Million in Cash and a Market Cap of $57M. (Again I must emphasize FOS Trades Less than Cash) Sprott is also the Largest Shareholder.
https://www.stonegateagricom.com/s/Home.asp
https://www.stonegateagricom.com/i/pdf/StonegatePresentation-2012Feb27-28.pdf
https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=st-T&country=CA
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Sprott Resource Corp
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46.9M
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$66,066,243 |
+64% |
32.5% |
High
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I.G. Investment ...
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14.9M
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$25,411,361 |
+20% |
10.4% |
Low
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Knoll (Kerry J)
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4.4M
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$6,148,800 |
+6% |
3.0% |
Low
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McDonald (Ian J)
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4.3M
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$6,081,660 |
+6% |
3.0% |
Low
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Camlin Asset ...
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1.2M
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$1,135,673 |
+2% |
0.8% |
Moderate
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Natcan ...
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700.0K
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$551,566 |
+1% |
0.5% |
Low
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British Columbia ...
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357.7K
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$608,459 |
0% |
0.3% |
Low
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Acuity ...
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293.3K
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$231,106 |
0% |
0.2% |
Moderate
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Ashcroft (Mark N J)
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259.6K
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$365,585 |
0% |
0.2% |
Low
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BlackRock Asset ...
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155.7K
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$122,684 |
0% |
0.1% |
Low
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