Re: Just thinking out loud!!

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Francis Dube

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Re: Just thinking out loud!!

in response to

Just thinking out loud!!

retiredrookie

posted on Oct 05, 2009 11:56AM

The bid for FWR is based on NOT share price period. The current price of $0.3975 is only based on the closing price of NOT. Anyone here believe NOT alone is undervalued at $1.59?? The price of acquisition will rise with NOT's price. We are basically saying that FWR is worth/contributing 1/4 of NOT's contribution. When you look at land position, cash, proven deposit, I believe this is a good offer!