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Win us with honest trifles

Interesting news out of Focus Ventures (FCV.v) this morning

I’m normally against shining light on news around stocks that I own on the public blog (full disclosure: long FCV.v, not planning to add or sell on this news, basically it’s a long-term speculative lottery ticket type position) but exception to rules and all that. This news out of FCV this morning about having secured a big phosphate property in the Bayovar region of Northern Peru is more than interesting and has the look of a game-changer. FCV has been collecting phosphate (sidebar: not to be confused with potash) properties for a while now and this is the fifth big acquisition, but it’s a different animal to the others because this is prime, A-1 location, right next to a big producing phosphate mine and with very decent drill assays already under its belt. Knowing the thin state of the FCV treasury at the moment it’s likely that the company will need to raise cash soon, so that needs to be taken into account. But even in light of that, the news today puts a very different and very positive face on what FCV has been doing in the South America ferts space. Bayovar is where companies like Vale, Mosaic and other world-sized miners go to play phosphate and now here’s lil old FCV with a big old land package in the same spot. Easy mining, its own dedicated port, very low environmental/community footprint. Darnit, there’s a lot to like here.
FCV has been a very lightly traded stock in recent days and weeks. That may well change. DYODD.

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