FEC Resources Inc. (FECOF)

[GreenTea]

LOL, it's Mr....but that's fine. You bring up some interesting points styl. When it comes to evaluating whether Philex will buy out FECOF and at what price, all we can do is conjecture. True, could Philex buy FECOF out at .05? or .10? Sure, or they could just as easily hold onto their 225 million shares for the next few years as Forum verifies the gas field into a world class asset, and watch their few million dollar investment in FECOF turn into 100's of millions.

Obviously, there is no such thing as a "sure thing" in the stock market, but in penny land I feel pretty good about a billion $ mining company owning half of the company I own. IMO investing is "educated gambling". I've done my DD here, have loaded the boat and will continue to add. In any investing situation, obviously one wants to minimize risk and buying FECOF at these prices is exactly that IMO. When FORUM proves up what is a minimum of 3.4 TCF (and what could be much more), Forum's PPS will rise dramatically, only increasing FECOF's asset. Could there be a buyout? Maybe, or maybe not. No one knows how this will play out, but I like our chances here......a lot.

GLTA!