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Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

Metals & Mining Industrial Metals & Minerals
Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. It has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Riley Brook property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.


TSXV:FNC - Post by User

Fancamp Exploration Ltd > Valuation seems way off
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Post by FromSudburyon Nov 14, 2022 2:38pm
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Post# 35097414

Valuation seems way off

Valuation seems way offI believe Fancamp continues to hold 3.1 million shares of CIA; now valued at about $16.5 million.  Furthermore, with respect to these shares, they should be recieving about $600,000 per year in dividend payments; so there's that. 

Then the have this $34 million convertable note payable with regards to the ring of fire property to KWG, along with royalties and warrants.  This appears to be subsequent to the latest financials, so not reflected as an asset and it seems this is being valued at nil by the market at this time.

Then, they also hold shares of other companies; which also appear to have little to no value: 
15% of NeoTerrex shares
1.5 million shares of Vision Lithium Inc
About 2.3 million shares of ScoZinc (now EDM Resources)
Various other properties and patents (Magpie)

Does this seem right?


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