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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Message: Denalis Report on proposed offer
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"Now due to their takeover by a predatory hedge fund [ thank you ], NORONT has got greedy and wants a hostile offer for the well financed explorer developer [ and their JV partner] at theft prices. FREEWEST RESOURCES [ FWR.v] probably controls HALF
the deposit and is [ was ] valued at 76 Mil [ CDN $$ ] vs. Noronts $240 Mil valuation

Simply put, FREEWEST controls probably 3 or 4 times the value that its Hostile bidder, Noront [ NOT.V] , and NOT.v wants to buy FREEWEST for 1/4 of its own value to gain 4X its value. Turned on its head, thats 16::1 in Noront's favor. Thats one helluva good deal for THEM, LOL."

These were precisely my thoughts when I posted that 4-1 should be more like 2-1.

SN

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