Tiger Royalties And Inve... Share Discussion Threads

[smilewithme] 06/5/2007 13:32

From tooclassy over at Stockhouse:



Spruce Road resource doubles FRA resources!

The Spruce Road resource unlocks tremendous hidden value within Franconia. Spruce Road doubles FRA's in situ value in Minnesota to roughly $50 billion.
I have been doing some calculations based upon the following:



"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".

This works out to 236M tonnes of mineralization containing 3.53 lb. nickel per tonne and 10.41 lb. copper per tonne. (There are 2,204.6 pounds in a tonne.)

3.53 lb nickel @ $24.12/lb. = $85.14 nickel per tonne, in situ (68%)
10.41 lb. copper @ 3.78/lb. = $39.35 copper per tonne, in situ (32%)
--------------------------------------------------------------------
TOTAL: $124.49 per tonne of nickel/copper x 236M tonnes
= $29,379,640,000 (29 billion dollars) in situ value for Spruce Road.

This information hasn't yet been corrected for recovery percentages, but gives a good idea that the Spruce Road resource effectively doubles the value of Franconia's resources in Minnesota. Furthermore, Spruce Road is a near surface deposit, so it reduces the average depth of FRA's Minnesota resources.

Franconia really cannot publicize Spruce Road's value too much until the historical resource data is confirmed 43-101 compliant. But that doesn't keep me from doing so ahead of time! If historical data is confirmed 43-101 compliant, Spruce Road causes a more than 100% increase in value of FRA's resources in Minnesota. This is the hidden value of FRA. I wonder how many other investors have figured this out? Probably not many. Spruce Road adds tremendously to the value of the Minnesota properties. When the market figures this out there will likely be a re-rating of the stock. Perhaps when there's a press release by the company on Spruce Road progress regarding confirmatory drilling of the historical data. Anyway, it seems like FRA is downplaying Spruce Road at this time while the work for the 43-101 report is being done. Not for long.

Other notes:
1. Once again, the primary value at Spruce Road is in the nickel (69%), not the copper (31%). FRA continues to have its primary value in nickel as is seen in their other properties.
2. The existence and value of other types of mineralization have been excluded from the analysis here for Spruce Road.
3. These 3 properties are just a few miles apart from each other as evidenced by the map shown at the above link. There are economies of scale possible here; using the same processing plant for all three mines is one of them. Effectively these three separate properties together will be looked at as one big deposit as far as FRA is concerned.
4. The combined three properties are on the scale of 419 million tonnes containing mineralization - huge.
5. All conclusions made here on the basis of historical data are my own. I am merely attempting to extrapolate from historical data to show the size and scope of the Spruce Road resource as it pertains to the Birch Lake and Maturi resources for which 43-101 reports are available.

[guythomas] 06/5/2007 08:03

why didn't Rowan buy more Ridge?..instead of buying doggo Minmet

[smilewithme] 06/5/2007 00:13

topvest

the share price started its big rise after February 2006 when FRA did a placing at 20 cents.

it has tended to retrace during placings - partly because people have sold free trading stock to get in on the placing.

but it has gone up after that.

and I have been told no more fundings for the next two years.

so when Brian Gavin opens his mouth from now (share price always goes up) and people here the story, there is only one place to buy.....

[topvest] 05/5/2007 21:27

Remember looking at the original offer document on Franconia - not at the time, but a year or so later - quick question for you..after capital reorganisations etc. how many times has the share price gone up?

[topvest] 05/5/2007 18:28

smilewithme...anyone would think you owned shares in Franconia..lol!

[smilewithme] 05/5/2007 18:00

Inferred Resource US$23.4 Billion in-situ and Spruce Road

Following recent placements, FRA have around $20 million available to progress Birch Lake/ Maturi.

Am looking forward to the next few weeks. Last drill news was February 6th. And without any news, the price is at $2.35 close to it's highs – what a performance. Just imagine what the stock may do on positive news. (As well as news from Minnesota, we are also waiting on exploration target at Red Knoll – no guarantee of success there, but if we have found an elephant, $3 plus will be reached easily, otherwise we may see a temporary re-trace)

"FRA has the largest land package (9,300 acres/ 3,760 hectacres) in the largest undeveloped mining district in North America"

Not content with a World Class Resource at Birch Lake/ Maturi, I understand that the company is looking at producing 43-101 resource statement on nearby Spruce Road.



"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"

Franconia now have 54,683,731 shares issued and outstanding, making a market cap of around Cdn$ 130 million.

What other junior explorer of this size has an inferred resource in-situ value of US$ 23.4 Billion, at current prices? And that figure may rise at Birch Lake/ Maturi as it is still open, to say nothing of another 236 million tonnes at Spruce Road.

(We already know that NPV at recent high prices ranges from US$1.7 to 3.1 Billion at recent high prices)

[chris1983] 01/5/2007 19:53

More fund raised.....Easily.... Much confidence....


Franconia Minerals Closes Non-Brokered Private Placement Financing

SPOKANE, WASHINGTON, May 01, 2007 (MARKET WIRE via COMTEX News Network) --

FRANCONIA MINERALS CORPORATION (TSX VENTURE: FRA) (the "Corporation") has completed a non-brokered private placement financing of Cdn$6,000,000 through the issuance of 3,750,000 units at Cdn$1.60 per unit. This is additional to the brokered private placement of Cdn$11.7 million completed on April 13, 2007 and completes the current financing effort.

Each unit consisted of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of Cdn$1.92 at any time prior to the earlier of: a) the date which is the 15th trading day after receiving notice from the Corporation that the weighted average price of the Common Shares on the TSX Venture Exchange or the Toronto Stock Exchange has been equal to or greater than Cdn$2.40 for a period of 15 consecutive trading days commencing on April 30, 2009; and b) April 30, 2010. The units will be subject to a 4 month and one day hold period expiring August 31, 2007.

The net proceeds from the offering will be used for the Corporation's continued work on the pre-feasibility study on the Maturi-Birch Lake combined operation, other exploration programs and for general corporate purposes. Brian Gavin, Franconia's president, comments: "This financing brings our cash reserve to approximately US$17 million (Cdn$19 million). Add to this warrants and options, currently in the money, and the line of credit from the State of Minnesota and we will have access to more than US$30 million (Cdn$33.3 million). This will carry us well into the feasibility study phase at the Maturi-Birch Lake project in northern Minnesota and allow us to meet our obligations for continued exploration on the Red Knoll Project under our exploration agreement with Teck Cominco American Ltd".

On a portion of the funds raised, The Corporation will pay a finder's fee in cash equal to 6% of that portion of the proceeds and issue warrants equal to 6% of that portion of the units issued. These warrants will have an exercise price of Cdn$1.92 and expire 24 months from the date of issue. The common shares underlying the warrants are subject to a 4 month and one day hold period expiring August 31, 2007.

Franconia Minerals Corporation trades on the TSX-V under the symbol FRA. (For additional information see www.franconiaminerals.com.) Following the financing Franconia will have 54,683,731 shares issued and outstanding.

Brian Gavin, President

[skyship] 01/5/2007 10:04

Smile - Yes, another good call on FRA. I do hope TIR still hold them.

NPE also rallying well - up c.14% over recent weeks - but AST drifting again.

Another 3-4 weeks to wait for those elusive Finals with the portfolio update.

[smilewithme] 27/4/2007 21:32

Congratulations to Franconia hitting all time high of $2.45 (£1.10) and closing up 17% on the day at $2.40 (£1.08)

Guess I was right when I suggested two weeks ago:


"Franconia Minerals, which has been sliding due to lack of news, fell today 8.6% to $1.72, on private placement announcement ($1.60)

The price may fall further on Thursday - regardless, I believe this may be an excellent opportunity and that it won't be long before we see the price back up over $2.

February 6th was the last drill news and there must be plenty of news flow on the way"

[topvest] 27/4/2007 21:22

I've looked at Sunvest before, but difficult to buy Australian stocks easily. How do you buy these? There was talk of floating Sunvest on AIM 18m ago, but it didn't happen.

I have shares in all three except Sunvest. Gledhow Investments looks well poised in my opinion, when Bruce decides what he is going to do!

[eacn] 27/4/2007 13:16

topvest, I hold Sunvest (SVS) as well as Starvest but not Tiger. Starvest has had a good run recently and looks set to post further potentially significant gains over the next 12 to 18 months. Tiger is a more sedate and less volatile proposition. Whether TIR is less risky is another matter: SVE's diversity is a great strength.

SVS has a significant holding in PAF, which I expect to return at around 9p a share compared to 6p on suspension. The post tax fully diluted NAV of SVS is currently AUS 84 cents and should rise significantly when the PAF suspension is lifted. SVS also holds 12M Regency Mines, 9.4M Red Rock Resources, 10M Greatland Gold and 22.1M Longreach Oil (before the recent share swap). If you haven't already you might find it interesting to have a look at the financial statments for Longreach Oil, and some of the other companies that have subsequently accepted share swaps.

SVS is highly illiquid. The share price rose to AUS $1.20 from AUS $0.70 and fell back again on the back of virtually no volume over the last year. Shares are tightly held.

[topvest] 27/4/2007 11:52

I agree that things are very quiet here. I am a tad puzzled with Bruce Rowan at the moment, although greatly appreciative as well!

Starvest is a company that is doing a lot and is excellent on shareholder announcements. I've ten-bagged on this already!

Sunvest in Australia has been doing more investing recently, sometimes through share swaps. Sunvest seems to take more shell positions, along with Bruce investing on his own.

Gledhow investments, where Bruce has been MD for over a year and is a controlling shareholder has done nothing meriting an announcement for a year.

Tiger where Colin Bird is the MD has done well, but activity is minimal and they seem to be just sitting on the cash, announcing results late and not doing much really. Very odd, but then again they have tripled my money and more in a few years and so you can't really complain.

I think Tiger is waiting for a deal myself - when Colin Bird has something worth reversing into it. That would explain the fact that announcements and corporate relations have dried-up. They also don't appear to have invested much cash for some time.

Tiger and Gledhow don't really have a clear strategy at the moment. That could well change though once Bruce decides what he wants to do. I'm very happy to take that on trust, given his track record.

[smilewithme] 27/4/2007 10:40

Junior US$ 21 Billion Nickel–Copper-PGM

She's getting ready to pop. We saw $2.17 on the Ask yesterday and there is no stock for sale. Any positive news will see us heading to $2.50, in my opinion.

[abubryn] 26/4/2007 14:47

Trade in and out like I have for last 4 years and you will soon be owning them for nowt.I was first in below 1.75 and they have fluctuated quite well since but on an upward slope .

[curt3] 26/4/2007 14:03

web site dead as a dodo! not even last nav update. portfolio info has not changed for 2 years. Why not wind the company up and give us all 6p per share. with contact with colin bird why not investing some of cash pile in Jubilee which has been a one way growth story ? despite booming resource markets this share is still same price as last year when it was 4p !!! Bored.

[skyship] 26/4/2007 12:29

I must say I do find it frustrating that perhaps the easiest audit on the LSE takes quite so long. Having spoken with the Co. Sec. today I now gather that the Finals won't be declared until nearer the end of May for the AGM in June. So until then we will remain in the dark regarding the portfolio.

I am going to write to them to request monthly NAV & portfolio updates.

If they believe the latter will in some way compromise their dealing flexibility, then perhaps quarterly for the portfolio update. At the moment it is unecessarily difficult for PIs to assess the true value of TIR.

I suspect that the difference between my NAV calculations and the Company's may be down to the unfortunate premature sale of Franconia. We'll see in c4 weeks time.

[skyship] 26/4/2007 09:15

Yes - a good rise in FRA - back up to C$2.00. Question is - Do we (TIR) still hold any? All should be revealed with the Finals due any day now - hopefully! Until then I'll resist any possibly meaningless NAV updates.

[smilewithme] 25/4/2007 20:54

With FRA soaring in Canada....

From smorg at stockhouse....

Target price per share 4 years out of $34.86



They are getting some institutional heft in Minnesota. Which is where the mine is after all. And they are getting in bed with the guys that ultimately financed Polymet.
The thing there is it looks like it is really dilutive. But in order to get to feasability and be ready to go bankable they need to do a lot of drilling. This should give them the capital required to do that so when it comes to time to build out their mine which is not cheap the will be able to raise the money in the US in the $6-$10 range or perhaps by placeing a debenture.

So they are effectively getting us a couple of good sources of finance for down the road.

Remember this is a cheap stock beacuse nobody knows about it. Now some folks will, think of it as marketing.

We need to get the stock as close to it s $12 potential as we can with this money then when it comes to raising the $ 600+ million for mine we will not be over diluting when it really counts. If we can get the price up to $10 we will only need to add another 60 million shares.

I havr worked the numbers very conservativly and with adding 100 million more share plus exercise of the warrants giving fully diluted of 157 million which is 40 million more than above. I Have a target price per share 4 years out of $34.86

So I for one am not worried about a little dilution now.

However without this goosing the funds now with the US backers and brokers would make getting to pre prodiction very hard going.

And we DO NOT want to try raise $600 million at $2 a share....

Smorg

[smilewithme] 23/4/2007 16:11

This placement has been done to allow existing shareholders to get some stock after the institutions got theirs last time.

This will mean that FRA has access to around Cdn$ 30 million dollars and does not need to do any fund raising for the next two years.

As soon as this placement closes expect a raft of news releases includng Red Knoll...

News Release
Monday, April 23, 2007
TSX-V: FRA

Franconia Minerals Announces Non-Brokered Private Placement Financing


April 23, 2007 Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V:FRA) (the "Corporation") is pleased to announce a non-brokered private placement financing of up to Cdn$6,000,000 through the issuance of units at Cdn$1.60 per unit.

Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of Cdn$1.92 at any time prior to the earlier of: a) the date which is the 15th trading day after receiving notice from the Corporation that the weighted average price of the Common Shares on the TSX Venture Exchange or the Toronto Stock Exchange has been equal to or greater than $2.40 for a period of 15 consecutive trading days commencing on the second anniversary after the date of issuance of the warrants; and b) three years from the date of issue.

The current financing is in addition to the recent brokered private placement financing of approximately Cdn$11.7million completed by the Corporation on April 13, 2007.

The completion of the private placement is subject to the receipt of conditional listing approval from the TSX Venture Exchange. The net proceeds from the offering will be used for the Corporation's continued work on the pre-feasibilty study on the Maturi-Birch Lake combined operation, other exploration programs and for general corporate purposes. The units will be subject to a 4 month and one day hold period. The Corporation is proposing to pay a finder's fee in cash equal to 7% of the gross proceeds and warrants equal to 10% of the units issued. These warrants will have an exercise price of Cdn$1.92 and expire 24 months from the date of issue.

Franconia Minerals Corporation trades on the TSX-V under the symbol FRA. (For additional information see www.franconiaminerals.com.) The directors of Franconia Minerals Corporation accept responsibility for this announcement. Franconia presently has 50,933,731 shares issued and outstanding.

Brian Gavin,
President

For more information:
Vancouver: Farah Alibhai T: 604 731 7340
[e-mail]

Toronto: Greg Taylor T: 416 605 5120
[e-mail]

[skyship] 20/4/2007 08:06

So we've sold just 2m AST. Perhaps my NAV discrepancy is due to an early sale of all the FRA. At the moment still confused and awaiting the Finals for an answer.

Wish they would buy some Toledo (TMC) with all that cash - its made a fundamental breakout as people are only now recognising the size of the PRODUCING nickel mine in the Philippines - yet the Mkt Cap is still a mere £62m for the World's 3rd largest nickel resource with direct shipments to China now taking place. IMO this is a massively undervalued, potential multi-bagger, which should be in everyone's portfolio.

[smilewithme] 13/4/2007 22:53

SKYSHIP

IMHO you need to get in soon. Forget about the chart.

And forget about the $1.60 entry point..........

There has been no news for weeks and there is a lot stacked up.

Its been quiet because they have been getting investor interest for the placement and wanted a level playing field without the price bobbing around all over the place.

Up to you...

smilewithme

Very Quick Close - Bullish Sign!

Franconia Minerals Closes Brokered Private Placement Financing


April 13, 2007, Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V:FRA) (the "Corporation") has completed a brokered private placement financing of Cdn$11,736,403.20 through the issuance of 7,335,252 units at Cdn$1.60 per unit.

Each unit consisted of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of Cdn$1.92 at any time prior to the earlier of: a) the date which is the 15th trading day after receiving notice from the Corporation that the weighted average price of the Common Shares on the TSX Venture Exchange or the Toronto Stock Exchange has been equal to or greater than Cdn$2.40 for a period of 15 consecutive trading days commencing on April 13, 2009; and b) April 13, 2010. The units will be subject to a 4 month and one day hold period expiring August 14, 2007.

The net proceeds from the offering will be used for the Corporation's continued work on the pre-feasibilty study on the Maturi-Birch Lake combined operation, other exploration programs and for general corporate purposes.

Northland Securities Inc, a full service broker dealer located in Minneapolis, Minnesota acted as agent in respect of the offering and will receive a commission in cash equal to 7% of the gross proceeds and non transferable brokers warrants equal to 10% of the units issued. The broker warrants will have an exercise price of Cdn$1.92 and expire 24 months from the date of issue. The broker warrant are subject to a 4 month and one day hold period expiring August 14, 2007.

Franconia Minerals Corporation trades on the TSX-V under the symbol FRA. (For additional information see www.franconiaminerals.com.) The directors of Franconia Minerals Corporation accept responsibility for this announcement. Following the financing Franconia will have 50,933,731 shares issued and outstanding.

[skyship] 12/4/2007 10:24

Smilewithme - I wondered why FRA had come off yesterday.....I sold my TSE:FCO trade for a quick 25% yesterday and had thought to buy a few FRA, but the chart doesn't look too hot now. I suspect they will drift a bit further, so will look for a possible entry nearer that C$1.60 placing price.

Kombimatec - only 100,000 RDG at the last declaration; but every bit helps.

[smilewithme] 12/4/2007 00:30

Franconia Minerals, which has been sliding due to lack of news, fell today 8.6% to $1.72, on private placement announcement ($1.60)

The price may fall further on Thursday - regardless, I believe this may be an excellent opportunity and that it won't be long before we see the price back up over $2.

February 6th was the last drill news and there must be plenty of news flow on the way.

jaguar2001





Wed Apr 11, 2007
Franconia Minerals Announces Brokered Private Placement Financing

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

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

April 11, 2007, Spokane, Washington: FRANCONIA MINERALS CORPORATION (TSX-V:FRA) (the "Corporation") is pleased to announce a brokered private placement financing of a minimum of Cdn$11,000,000 to a maximum of Cdn$13,000,000 through the issuance of units at Cdn$1.60 per unit.

Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of Cdn$1.92 at any time prior to the earlier of: a) the date which is the 15th trading day after receiving notice from the Corporation that the weighted average price of the Common Shares on the TSX Venture Exchange or the Toronto Stock Exchange has been equal to or greater than $2.40 for a period of 15 consecutive trading days commencing on the second anniversary after the date of issuance of the warrants; and b) three years from the date of issue.

The completion of the private placement is subject to the receipt of conditional listing approval from the TSX Venture Exchange. The net proceeds from the offering will be used for drilling at the Corporation's exploration program, continued work on the pre-feasibilty study on the Maturi-Birch Lake combined operation and for general corporate purposes. The units will be subject to a 4 month and one day hold period. Northland Securities Inc will act as agent in respect of the offering and will receive a commission in cash equal to 7% of the gross proceeds and brokers warrants equal to 10% of the units issued. The broker warrants will have an exercise price of Cdn$1.92 and expire 24 months from the date of issue.