FEC Resources Inc. (FECOF)

[irishintelligence]

Right, my 0.05 is based on 3.4T, and it could be 20T, which is still no more than $0.30 in the very long run. (extracting 20T could take more than 15 years IF it is there.)

Their shares of FEP (~19% ownership) are worth $0.20 today vs. $1.40 then.

The other contracts, not SC72, are essentially worthless.

I am a sub penny buyer for sure...but it is based on nothing more than the Chinese obeying the UN and allowing the Philippines (FEC/FEP) to drill in SC72. IF IF IF that day comes this stock should jump well over $0.05 for a bit and give us all a chance to get out.

This is not, however, a long term play. They have nothing but SC72 and will likely be consumed by the parent.

If you have some good intel please share. I was not happy with what I found.