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: Re: Misfit's musing on the Noront - Freewest festivities - SUM4ALL

I could not agree with you more Sum4All. If FWR's SP is able to stand the tets of the next few days, then it is confirmation that the company has been undervalued throughout the past few years. Normally I would say that the market sets the price and normally gets it right but given the manipulation that both company's stocks have seen over the years, what we see in terms of SP is not always as it seems.

I agree with the results with the gold being less than stellar. This is not my opinion, but reality. Unless you have a tonne of volume at less than say 10 grams per tonne over 3 metres, it is not worth talking about. That is .3 ounce over 12 feet for those old school imperialists out there. If the gold is there as a byproduct of the nickel, copper, or PGM extraction, then even so much the better.

Brings me back to the day when we heard about 1800 grams (52 ounces) per tonne over 3.2 metres (15 feet) with hole 06-100 at Windfall. Now that was news! Imagine if they put out that number today now that the company is actually known.

I agree that it is too early to call this deal dead, though without FWR board approval a shakeup might be needed to overcome the poison pill they have in place at FWR. Regardless, the vultures will fly tomorrow but for every short there will need to be a cover so it should make for some interesting fireworks.

M1.

M1.

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