Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Full disclosure

I have made several posts making the point that I feel Fancamp is underpriced.

My reasoning once again is this (updated based on current price of CIA shares)

1) 3.1 million shares of CIA today trading at $6.55 = about $20.3 million

2) Convertable loan recievable from KWG at about $34 million with interest at 6%/yr; maturity date 4 years from closing; with warrants; and 2% net royalty

3) Recent receipt of CIA dividends at $.10/share = about $310,000

These three asset items alone should be reflected in excess of $50 million when the next set of financials are disclosed some time around Dec 23/22

This, along with other shareholdings and property and patents and royalties. 

With Fancamp's market cap of about $16 million, it's a buy for me.

Added another 92,000 today (some of which went through on another exchange) bringing my total share count to 550,000 shares.  Friends and family own another 1.2 million shares as well. 

In other words, putting my money where my mouth is. 

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