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: Any suggestions on when Mac will-----

What makes you think FWR will be knocked down if Mac refuses the bid. He could very well ask for more in which case FWR could go up in anticpation. Since the share price of FWR is staying well above the 4:1 price, I think this is what the market is saying will happen. IMO.

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