RE:FNC propertiesHere is why you are losing your shirt by being a long term shareholder of FNC. In early 2008, the shares hit a high of $3.15. At that time there were about 7.4 million shares outstanding. Today, there are 166 million shares outstanding (fully diluted 180 million) and the shares are trading at $010. Almost the same market capitalization but 1/30th the stock price. Stick with Smith and Fancamp shareholders will continue to be diluted.
Regarding th "ring of fire" properties, it is a pipe dream. That play was grossly over promoted and a lot of money was spent on exploration. The only resorces of significance was a chromite property which hasn't got a hope in hell of competing with much higher grade South African deposits.