Tiger Royalties And Inve... Share Discussion Threads

[smilewithme] 07/11/2006 14:34

Franconia Boat will be leaving soon

Hi,

Earlier February 2006 placing closed after 8 days. I believe, that this placing, announced November 2nd could close on November 10th or earlier.

I understand that the placing is going very well and they may have almost raised enough cash! . (Cdn$6,000,001 ?) Maybe even over-subscribed given the obvious attraction/ demand from people wanting part of a NPV of US$1.7 Billion to US$3.1 Billion depending on discount rate.

As mentioned earlier, Since the earlier placing, the price has risen nearly 450% (and at one time was up by 600%)

Good luck Franconia and all holders! This boat will be leaving soon ;-)

smilewithme

[smilewithme] 01/11/2006 09:55

All,

Just noticed this one last Friday!

Someone bought £70,000 worth! of Franconia (at 75.99p)

27/10/2006 15:30:00 75.99 92,266 O 70,112.37



The news yesterday was very good.

Brian Gavin, Franconia's president comments, "These results are the highest grade intercepts we have seen at Birch Lake to date

It's looking good - may help the share price recover a bit, although we won't know for the next few days. (It was good to see the price holding yesterday at $1.40 (65p) in Canada – we may have reached the bottom)

The Canadian markets don't seem to react immediately to good news. However, if FRA continue to better the grades, the resource will increase and the NPV.

My guess is they are pushing these announcements out to get the placing price at more reasonable level.

It's my understanding that the price of the "bought deal" will be decided on the day. I believe that it is imminent since the intention was to get it done by the end of October, but these things always seem to take longer than expected.

The difficulty is that the longer the "bought deal" takes, the more the share price suffers. But the company may not want to sell its shares at such a bargain price. Catch 22.

My guess – any day!

smilewithme

[[e-mail]] 01/11/2006 08:40

vern

this time last year looks like a roket taking off on thier charts.

[smilewithme] 20/10/2006 07:59

FRANCONIA MARKET CAP. £28 million to £354 million?

All,

Franconia's NPV, (that's value of metal after taken from the ground), with better grades, seems to be nearly DOUBLE Polymet Mining's, about 86% better NPV.

For example, at lower metal prices, discounted at 7.5%, FRAs is about US$ 300 million, compared to their neighbour, POM's US$ 161 million.

That's remarkable since Franconia's market capitalisation is about 60 million Canadian dollars (28 million pounds), compared to Polymet at around 400 million Canadian dollars (188 million pounds), (19/10/06)

Polymet is of course around 2 years ahead of Franconia, in terms of progress having recently issued a Definitive Feasibility Study.

That suggests that FRA, with nearly double the resource value, could expect, in a few years, to have nearly double POM's market capitalisation i.e about 750 million dollars (354 million pounds), about 86% better.

Please understand that I am using lower metal prices instead of current prices, as this was the only common point that would allow comparison. At current prices, both companies would have a much higher NPV. FRA would have a NPV (Pre-tax) of US$ 1.7 to 3.1 Billion depending on the discount rate.

Reading the POM document and comparing it with FRA's Preliminary Economic Assessment, using equivalent metal prices reveals that POM's Low Case NPV, (Post-tax), discounted at 7.5% is US$ 161 Million .

FRA's equivalent NPV, which is their Base Case, is likely to be around US$ 300 Million.

Both documents show various PV figures at different metal prices, discount rates etc which makes it difficult to compare the two companies like for like. POM is using one set of prices, FRA another. Also, POM shows both "Pre-tax" and "Post-tax", whereas FRA shows only "Pre-tax".

However, closer examination shows, that POM "Low Case" prices are similar to FRA "Base Case" prices, allowing a reasonable comparison to be made (at 7.5% discount rate)

POM shows, at 7.5% Discount Rate:

-Low Case figure (Pre-tax) is US$ 298 million.
-Low Case figure (Post-tax) is US$ 161 million.

FRA shows, at 7.5% Discount Rate:

-Base Case figure (Pre-tax) is US$ 365 million
-Base Case figure (Post-tax) is not supplied by FRA but according to my calculation below this could be about US$ 300 million.



Back of the "Fag Packet" Calculation
---------------------------------------------------

Now, the POM Low-Case (Pre-Tax) shows US$ 298 Million with (Post-Tax) showing US$ 161 Million. This difference of US$ 137 Million suggests that in addition to tax, some other items (royalties?) may have been taken out at this point. However the stated POM figure is US$161 Million, so that's what we will go with.

At similar metal prices, FRA shows Base Case NPV (Pre-Tax) of US$ 365 million. Now, I understand that royalties have already been removed from FRA's figure (in contrast with POM's calculation). FRA could expect to pay around 20% or so tax, making $73 million, leaving a Base Case (Post-tax) figure of about US$ 300 million.


Metals Price Comparison – Like for Like
--------------------------------------------------

These figures below which are "similar", justify the comparison between FRA Base Case and POM Low Case.

..................................FRA Base Case......POM Low Case

Copper per pound...............$1.50................$1.50
Nickel per pound................$6.00................$6.50
Cobalt per pound...............$10.00..............$15.25
Gold per ounce....................$450................$450
Platinum per ounce...............$800...............$900
Palladium per ounce...........$300...............$225

smilewithme


Sources
----------

Mon Sep 25, 2006
Polymet Receives Positive Definitive Feasibility Study for its Northmet Copper-Nickel-Precious Metals Project




Tue Oct 3, 2006
Positive Independent Preliminary Economic Assessment Of Birch Lake Copper-Nickel-Pgm Project

[maxijas] 17/10/2006 12:35

The share price is just starting to move!!!

[abubryn] 13/10/2006 09:20

Hello abubryn you were spot on when you said shares were being bought in --Oh was I ?. thanks --abubryn .

[sheeneqa] 12/10/2006 15:51

RNS Number:3836K
Tiger Resource Finance PLC
12 October 2006



Tiger Resource Finance plc

Transaction in Own Shares


Tiger Resource Finance plc ("Tiger" or the "Company") announces that on 11
October 2006, the Company purchased 2,100,000 ordinary shares of 1p each in the
issued share capital of the Company ("Ordinary Shares") at a price of 3.6 pence
per Ordinary Share. These Ordinary Shares are to be held as treasury stock.



Following the above purchase, the Company holds 4,350,000 Ordinary Shares in
treasury and the total issued share capital of the Company less treasury shares
is 196,531,939 ordinary shares.



This purchase was made pursuant to the authority granted by shareholders at the
Company's Annual General Meeting held on 25 June 2006. To date 4,350,000 shares
have been repurchased under this authority.

[abubryn] 11/10/2006 15:50

Methinks maybe shares being bought in by tir ? Price is usualy manipulated to accomodate it .

[smilewithme] 11/10/2006 09:06

FRA - Lots of News still to come :-)

Hi All,

Franconia's share price today is around 77p making a market capitalisation of around 35 million pounds. As already posted, I believe that we may soon see $2. (95p) However, the short term target is to get the market cap up to $100 million (50 million pounds) meaning around $2.50 (£1.20) a share, which is certainly achievable.

As opposed to the next few months being a quiet period, I believe that there is likely to be several new announcements which will help the price continue its move upwards:

(The first 3 announcements are expected, the next 3 are my crystal ball gazing as indicated by ???)


1. Titan 24 Geophysical Surveys On Red Knoll Copper Target, Arizona – imminent.
2. Placing for Birch Lake/ Maturi development – imminent.
3. Drill Program at Birch Lake Project results – late October
4. Start of Drilling at Red Knoll Copper Target ??? – November???
5. Update on progress at Birch Lake to include new drill results ??? - December
6. Red Knoll Copper Target results ??? – December???
7. Spruce Road Resource – 236 million tons ????
8. New Elephants ???

1. Titan 24 Geophysical Surveys On Red Knoll Copper Target, Arizona – imminent.

In an earlier announcement, Franconia advised that "it has begun a Titan 24 geophysical survey on the 8,000 acre Red Knoll property in Graham County, Arizona, adjacent to and northeast of Phelps Dodge's porphyry copper deposits in the Safford District. Franconia is targeting concealed porphyry-style copper mineralization buried beneath post-mineral volcanic cover. Contingent upon favorable results from the geophysical surveys, a drilling program is planned for the fall of 2006."




The geophysical survey results have yet to be announced, however it seems that they look good based on what the company said in the article exploRESOURCES.COM (Sept 2006), as published on the web site



Franconia "plans to drill the Red Knoll copper project in Arizona in a partnership with the U.S. subsidiary of global giant Teck Cominco. Franconia has the option of acquiring and exploring these properties while Teck Cominco retains a one-time right to elect to joint venture any of these properties. Teck Cominco also holds 675,000 shares in Franconia. Franconia has completed geophysical work at Red Knoll and plans to drill-test these targets later this year. The Red Knoll site already has strong potential, because it is located between the Morenci mine, the largest copper producer in the U.S., and the Safford district.

The Franconia-controlled property is adjacent to and northeast of the porphyry copper deposits of Phelps Dodge in the Safford district. According to Franconia's Web site, the target is concealed porphyry-style copper mineralization buried beneath post-mineral volcanic cover.

Red Knoll sits on the northeast-trending structural zone thought to control mineralization at the Safford district – and the property also lies on a regional northeast-trending magnetic low connecting the Safford and Morenci camps. "We want to shoot an elephant in elephant country," says Gavin. "In that particular area of Arizona, we're in elephant country."

2. Placing for Birch Lake/ Maturi development – imminent.

According to the announcement Mon Oct 2, 2006
Franconia Finalizes US$2.5 Million Loan from State of Minnesota for Birch Lake



"Under the terms of the loan, Franconia agrees to contribute matching funds - based on a one-to-three ratio - up to a maximum of US$7.5 million"

Understand that plans are underway and the company anticipate that they will have not have difficulty raising the funds, which may be at a premium to the current price.

Longer term holders will remember that it was earlier placing – opening February 2nd 2006 and closing 8 days later, which saw the share price start its climb, from around 20 cents to its current highs of $1.80. Jim Perrone, (Mining Broker/ Analyst with McDougall) was so impressed with the investor presentations that he immediately put in $400,000 of his own money, which in now worth several million dollars.


3. Drill Program at Birch Lake Project results – late October


Mon Jun 26, 2006
Franconia Begins Drill Program at Birch Lake Project, Minnesota

--------------------------------------------------------------------------------

June 26, 2006, Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V:FRA, OFEX:FRA) is pleased to announce that a core drilling program is underway at its Birch Lake copper-nickel-PGM project in the Duluth Complex in northeastern Minnesota. The planned 11,000 to 15,000-foot drill program (three to four holes and associated offset wedges) is expected to be completed by late September with assay results available by late October 2006.



In the exploRESOURCES.COM (Sept 2006) article mentioned earlier, it was said:

"The stance we have is that we plan to take it all the way," says Brian Gavin, Franconia's president and CEO. "We are trying to develop a mine that will have a life in excess of 20 years and create several hundred jobs in the region."

Birch Lake consists of two extremely promising copper/nickel and platinum group metal properties – the original Birch Lake resource and the Maturi resource. "We have two separate bodies of rock approximately six kilometres apart – both of which have been independently verified," says Gavin

"The increased resource base may also lead to additional economies of scale and, since neither Maturi nor Birch Lake has been fully drilled out, there is still more 'blue-sky' potential at this project," added Gavin.

Gavin's opinion that the resource is actually larger may be confirmed by this latest drilling.


And now for crystal ball gazing, at least as far as timetables are concerned:

As explained earlier we may then see:

4. Start of Drilling at Red Knoll Copper Target ??? – November???
5. Update on progress at Birch Lake to include new drill results ??? - December
6. Red Knoll Copper Target results ??? – December???


7. Spruce Road Resource – 236 million tons ????

Sometime, we may hear news of how Franconia intends to pursue its resource at Sruce Road which is located near Birch Lake/ Maturi.

In addition to Birch Lake and Maturi, Franconia actually control ANOTHER "236 million tonnes at 0.46% copper and 0.16% nickel"



"Additionally, Roscoe Postle comments that Franconia also controls the near-surface Spruce Road resource, located about 5 miles east northeast of Maturi. The Spruce Road historic resource consists of 236 million tonnes at 0.46% copper and 0.16% nickel. Spruce Road was the subject of surface drilling, bulk sampling, metallurgical testing and a pre-feasibility study by American Copper & Nickel Co between the 1950s and 1970s"
That's about one third of the size of the Polymet resource and at better grades. And one third is one helluva lot!

8. New Elephants ???

In the exploRESOURCES.COM (Sept 2006) article mentioned earlier, it was said:
And, if all goes according to plan, Franconia should soon find elephants elsewhere as it concentrates on properties in the U.S. "We're not out looking for small deposits or marginal deposits," says Gavin.

Smilewithme

[smilewithme] 08/10/2006 14:17

Wonder if FRA rises have been helping Tiger, and there could be more to come!

Franconia Breakout This Week?

All,

asked melfaraj, who is experienced chartist what his opinion was of FRA....



Hi mel,

if you have moment, could you give an opinion again please on FRA chart. They had some good news last week - NPV for Birch Lake/ Maturi resources ranges from 1.7 to 3.1 US$ Billion (and their market cap is only around 60 million dollars!)

:-)

melfaraj - 8 Oct'06 - 12:21 - 5288 of 5288


SMILES,

fra continued its consolidation. appears to be nearing the end of the process. expect a breakout next week.

[glynnef] 06/10/2006 15:56

Skyship,

You were pretty close - NAV just announced at 5.38p

GF.

[glynnef] 06/10/2006 11:01

Previous NAV updates have typically been 5 - 10 days after the month end, so nothing untoward yet.

regards,
GF.

[skyship] 06/10/2006 09:24

STARVEST (SVE) NAV to 30th Sept was announced on 3rd Oct - I wonder why our NAV hasn't yet appeared....

With the AST price back to 12.5p (after 14.5p just 2 weeks ago) & NPE continuing to bore, the NAV won't be reaching the illustrious heights of perhaps 5.5p as I posted a few weeks back. Perhaps 5.2p?

[smilewithme] 03/10/2006 20:48

All,

This is BETTER than we thought possible!

NPV CURRENT PRICES (09/06) prices depending on discount rate varies from

1.7 to 3.1 BILLION US DOLLARS !!!!

Franconia market cap. is only 60 million dollars.

Market so far has been slow to react but that is not a concern. Typically these news releases take some time to register. I expect that institutional buying over the next few days will push the price up and we will see $2 plus soon.

(Previously myself with fortyniner felt the NPV could be around half a billion dollars. Then, fortyniner posted that it could actually be as high as 1 billion US dollars – the current figure is GREAT)

smilewithme


Franconia Minerals Corporation: Positive Independent Preliminary Economic Assessment of Birch Lake Copper-Nickel-PGM Project

SPOKANE, WASHINGTON, Oct 3, 2006 (CCNMatthews via COMTEX News Network) --
Franconia Minerals Corporation (TSX VENTURE:FRA)(OFEX:FRA) is pleased to announce the completion of an independent updated resource estimate and preliminary economic assessment of the combined Birch Lake and Maturi copper-nickel-PGM (platinum group metals) inferred resources located in the Duluth Complex of Minnesota.

The economic assessment was prepared by Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) to NI 43-101 standards, and will be filed and made available on SEDAR by October 20, 2006. (All amounts are expressed in U.S. dollars, unless otherwise indicated.)

The scenario considered in the economic assessment includes:

- Development of a 100.4 million tonne resource at Birch Lake and development of an 83.1 million tonne resource at Maturi, 3 miles northeast of Birch Lake, both containing recoverable copper, nickel, cobalt, gold, platinum and palladium.

- Underground room and pillar mining (10,000 tonnes per day (tpd)) at Birch Lake and underground long-hole transverse open stoping mining (8,000 tpd) at Maturi, flotation concentration and hydrometallurgical recovery with a combined annual production of 74 million lbs copper, 19 million lbs nickel, 2.9 million lbs cobalt, 7,400 oz gold, 33,000 oz platinum and 68,000 oz palladium over a 26-year mine life at Birch Lake and a 24-year mine life at Maturi. Material from Maturi would be transported to the Birch Lake site for concentration and hydrometallurgical recovery.

- Pre-production capital of $616 million.

- Average operating cost of $25.87/tonne.

- Cash flow projections (before tax) show the following range of Net Present Value (NPV) associated with the project at various discount rates:

(NB. Smilewithme has transcribed figures below, from table for clarity and accepts no responsibility for any error)

PRE-TAX CASH FLOW

BASE CASE METAL PRICES - $1,891 MILLION
CURRENT PRICES 09/06 - $9,411 MILLION


NET PRESENT VALUE (BEFORE TAX)

Discount Rate 7.5%

BASE CASE METAL PRICES - $365 MILLION
Base Case +10% - $618 million
Base Case less 10% - $113 million
Current Prices - $3,132 million

Discount Rate 10%

BASE CASE METAL PRICES - $171 MILLION
Base Case +10% - $364 million
Base Case less 10% - ($23 million)
Current Prices - $2,288 million


Discount Rate 12.5%

BASE CASE METAL PRICES - $41 MILLION
Base Case +10% - $193 MILLION
Base Case less 10% - ($112 MILLION)
Current Prices - $1,704 MILLION

Note: Scott Wilson RPA presents a series of sensitivity analyses between -30% and +30% in its economic assessment report

The economic assessment includes the use of Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Therefore, there is no certainty that the results predicted by this economic assessment will be realized. All technical data have been reviewed by Brian Gavin, Franconia's president and an appropriately qualified person as defined by National Instrument 43-101.

In its report, Scott Wilson RPA notes the project's sensitivity to metal prices and highlights the maximization of cut-off grade and lowering operating unit cost as key goals of future work. Scott Wilson RPA recommends the following:

- A two-phase drill program to upgrade the current Inferred Resource to the Indicated category.

- Geomechanics and mine design studies appropriate to a pre-feasibility study.

- Bench scale metallurgical studies to optimize metal recoveries at Birch Lake and verify assumptions at Maturi, prior to eventual pilot scale metallurgical tests.

- Examination of tailings disposal scenarios and continuing efforts on the mine permitting process.

Brian Gavin, Franconia's president, comments: "We are greatly encouraged by Scott Wilson RPA's assessment of the Birch Lake Project. We plan to complete a pre-feasibility study as rapidly as possible and move on to a full feasibility study, if warranted."

Assumptions made in the Economic Assessment:

Infrastructure:

The Birch Lake Project is accessible by road and is located about 11 kilometers east-northeast Babbitt, Minnesota. Due to the close proximity of the Minnesota Iron Range, infrastructure is very good with sources of water, electric power, mining labor and professionals, equipment suppliers and other services, and a well-developed road and rail transportation network linking the area to the port of Duluth on Lake Superior. Two mines, at Birch Lake and Maturi, would feed a single processing complex built near the Birch Lake deposit. Scott Wilson RPA anticipates that the project would generate 116 salaried and 436 hourly jobs during the operation of the mine.

(NB. Smilewithme has transcribed figures below, from table for clarity and accepts no responsibility for any error)

Metal Prices:

BASE CASE

COPPER per pound $1.50
NICKEL per pound $6.00
COBALT per pound $10.00
GOLD per ounce $450
PLATINUM per ounce $800
PALLADIUM per ounce $300


CURRENT PRICES
(09/06)

COPPER per pound $3.50
NICKEL per pound $14.00
COBALT per pound $17.50
GOLD per ounce $600
PLATINUM per ounce $1,200
PALLADIUM per ounce $320



Mineral Resource:

The economic assessment is based on an inferred mineral resources estimated by Scott Wilson RPA using the Base Case metal prices quoted above.

Birch Lake

NSR CUT OFF/ TONNES - $25
TONNES (MILLIONS) – 100.4
COPPER % - 0.59
NICKEL % - 0.19
COBALT % - 0.08
GOLD G/T - 0.14
PLATINUM G/T - 0.32
PALLADIUM G/T - 0.65

Maturi

NSR CUT OFF/ TONNES - $34.00
TONNES (MILLIONS) – 83.1
COPPER % - 0.70
NICKEL % - 0.26
COBALT % - 0.02
GOLD G/T - 0.05
PLATINUM G/T - 0.10
PALLADIUM G/T - 0.26


For remainder of press release MINING METHOD, METAL RECOVERY, CAPITAL COSTS and OPERATING COSTS, please refer to original press release at

[Abuse team] 03/10/2006 16:22

Post removed by ADVFN

[smilewithme] 28/9/2006 09:45

All,

With FRA price on Canada 81p, Ofex Plus 68p - looks like buying opportunity to me!

Buy here, sell in Canada (later ;-) )

And remember scoping study is imminent!

smilewithme

As I said elsewhere.........


All,

Something's happening on the web site!



"Under Construction ... Updates coming soon!"

"An economic impact study on the two proposed sites could be complete within a month", Lehmann said on July 31st

As you know, we are waiting on joint scoping study for Birch Lake/ Maturi, which will for first time give a NPV for Maturi (ie. What the metal's worth after costs). This will also hopefully give a NPV for Maturi/ Birch Lake combined and consider the economies of scale through processing both together. (This may be half a billion dollars plus!)

As posted earlier, Franconia have calculated NPV of Birch Lake at January 2005 prices and 8% discount rate at 222 million US Dollars. Maturi NPV has not been published, by FRA, but forty-niner and myself believe that Maturi is comparable (278 million dollars????) as explained at



Fortyniner has even posted on 7/14 that BL+Maturi NPV US$Billion+ possible



Note that since fortyniner and myself came to the conclusion that a NPV of half a billion dollars was possible, Franconia have updated the resource figures in their latest press release, so we may well be talking about a US $ Billion!

smilewithme

Latest News Release

Wed Sep 6, 2006
Franconia Receives Updated 43-101 Resource Estimate On Birch Lake & Maturi Copper-Nickel-Pgm Resources



"A supporting Technical Report, including an economic analysis of the project and prepared by Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) to NI 43-101 standards, will be filed and made available on SEDAR within 45 days."

Brian Gavin, president of Franconia, said, "The combined 220 million tonne Birch Lake and Maturi Inferred Resources represents a marked 140 per cent increase in the project resource base, primarily due to using generally accepted higher metal price forecasts that effectively reduce the cut-off grade and thereby dramatically increasing the size of the resource. The increased resource base may also lead to additional economies of scale and, since neither Maturi nor Birch Lake has been fully drilled out, there is still more "blue-sky" potential at this project." Added Gavin, "Finally, if the completed Preliminary Assessment supports the viability of conceptually splitting the capital cost of one central processing facility between two mines, Franconia's 'bottom line' would gain a still bigger boost."

[maxijas] 28/9/2006 08:34

I take it that these are still a hold!

[johndee] 21/9/2006 23:04

Great...Thanks.......I have 250,000 TIR shares....since they were 2.25 pence.

[smilewithme] 21/9/2006 22:38

TIGER are major shareholder in FRA....

[johndee] 21/9/2006 22:32

whats that to do with TIGER Resources?

[smilewithme] 21/9/2006 19:24

SKYSHIP,

Bloody Good Idea!

PS And why don't you take a punt on FRA yourself, unless you are already in?

BTW here's my latest post with price targets.......


Hi

Have just posted on Stockhouse that I believe share price may rise from today's 85p equivalent, within 2 years, to £4-£5, or so.

smilewithme



Huesos,

What would a good price per share be?

FRA may rise, from $1.80, within 2 years to $8-$10, in my opinion.

It follows that there is still a lot of upside. I am still encouraging people to get in as they have not missed the boat – the market is just beginning to waken up to what FRA has to offer e.g. RobTV broadcast. But do your own research etc – this is only my opinion.

And, of course there will be at some point the inevitable retrace. This can actually be a good thing since a lot of buyers may be waiting for that as an opportunity to get in. But if you are interested in the long term, unless you are a trader, then it does not really matter when you get in – we are going to see another leap soon!

As you know, we are waiting on joint scoping study for Birch Lake/ Maturi, which will for first time give a NPV for Maturi (ie. What the metal's worth after costs). This will also hopefully give a NPV for Maturi/ Birch Lake combined and consider the economies of scale through processing both together. (This may be half a billion dollars plus!)

Instead of valuing the resource which is complicated since that's what the scoping study is supposed to do and all the figures are not available – here is an easier way of suggesting a fair value for the share.

As you know, since I have compared FRA with nearby Polymet Mining in the past:



-FRA's output is likely to be 70/80% of what POM are producing.

-Maturi/ Birch Lake has not been fully drilled out yet ie. There may be more metal.

-FRA have yet another resource of 236 million tons at Birch Road (1/3rd of size of POM's resource but at better grades)

Today, FRA are valued at around 60 million dollars, POM are at 420 million dollars.

POM's market cap is higher because they are further down the process and offer less risk (but now with less upside) In terms of progress, FRA are 18months to 2 years behind POM.

We could therefore see FRA having a market cap of around 420 million dollars in 2 years – i.e around 7 times today's value.

So, taking today's price of $1.80 X 7, gives a share price of $12.60.

However that figure does not allow for further fund-raising – dilution etc

Given that, within 2 years, I believe that we may be talking $8-10 dollars.

Also, don't forget that POM are still in the feasibility stage. All things being good, their market capitalisaion/ share price should still have a lot of upside. It follows that they are likely to rise further and so should FRA. Both can rise a lot higher.

Hope that helps,

smilewithme

[skyship] 21/9/2006 15:44

Porker - if you are still on the scene, could you possibly add the charts of our 3 main holdings (AST, FRA-X & NPE) to yr header. Here is smilewithme's FRA chart. Not bad...not bad.....

[smilewithme] 20/9/2006 09:47

fraudsters_pub

cheers - anything to help one of FRA's major shareholders!

Anyway....

A lot of excitement over on Stockhouse regarding Franconia being tipped on Canadian Business Television.

Here are some posts repeated below from tooclassy, with link to first post only:




smilewithme

1. exact link for John Embrey recommendation Posted By: tooclassy


Here is the exact link for the John Embrey "Top picks" recommendation of Franconia Minerals..



Go to the 53:25 point and listen from there.

2. John Embrey fumbles the math on FRA resources Posted By: tooclassy

John Embrey said on ROB TV about Franconia Minerals:
"Franconia's one that has really flown under the radar screen. It's got 200 million tons of poly-metallic ore in 2 ore bodies in Minnesota up around the Duluth area and it looks economic - 5 million contained ozs of precious metals, 3 million pounds of copper and a million pounds of nickel. Market cap is 60 million. I've doubled my money in it but I think that it is very underweight".
---

What he meant to say is that FRA has 220 million tons - 5 million contained ozs of precious metals, and nearly 3 BILLION pounds of copper and a BILLION pounds of nickel.

(My calculations for copper were about 2.78B pounds and for nickel about 880M pounds. John must have scribbled his notes on a crumpled napkin or something.)

3. 20 billion dollars metal value Posted By: tooclassy

I haven't done the math yet on the FRA inferred resources but we may be talking about MORE THAN 20 BILLION DOLLARS OF VALUE OF METAL IN THE GROUND HERE. IT'S NO WONDER THE PRICE OF THE STOCK IS GOING UP!