When Noront drafted the Oct. news release the 8:1 was in effect and just to be fair they made an offer of 4:1 which I think is more than fair.

Now the FWR board jumped all over this, screaming foul and I myself could not see what the problem was.

When I read yesterdays news release, I said to myself, "60 million tons of low grade chrome"," no good , no market for chrome", "450,000 oz. platinum", "no good", (that works out to 1/5 of a gram per ton)then I said "paladium, 380,000 oz", "no good" (that works out to 1/6 of a gram per ton). The bright spot was "nickel and copper" but the find was small.

I personally feel that FWR got a decent and fair proposition and if they turn it down , it wouldn't bother me in the least.

The big issue here is ,"Who ever finds nickel in their yard can start dealing and the chrome will be secondary".