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: head fake?
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It is not NOT doing this, it is big money boys...however, I do not think this is the case, running the stops, not enough movement downwards. However, I do think the news is better than the market's reaction but not as good as we had hoped...no barn burner.

However, their hit miss ratio is excellent considering the depth that they are going to.

This is still very promissing, just not conclusive enough to be a slam dunk to drive FWR shares over to our side. We will need more than this to get this merger done IMO. I think it is there but will take more time. With 5 drills going, this will be fun to see how it plays out!

G.

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