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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: If i may, but a moment of your time this evening.....

If i may, but a moment of your time this evening.....

posted on Nov 10, 2009 12:25AM

Last year, around this time, everyone and thier dog had thier eyes on FWR, running up to XMAS on the Blackthor front there were some very good and informing discussions about the P word...potential, potential of the continuous ribbon of chrome based on drilling results. How may millions of tons lay buried? Yes, Yes, these discussions came and went with the driling updates, when we got them we were a happy bunch. Many a poster, myself included, worked theoretical numbers everywhich way but loose on Blackthor. In December of 08 Mac put out the number of 72 million tons and everyone was ecstatic about finally seeing something of substance in print, and the drills turned on, so did the theorists attempts at updating and estimating tonnage using the now FWR Benchmark of 72 million tons.

Given the above, leaving out the gray (open at depth) etc. etc. working with a minimum of 72 million and having ongoing drilling progression along strike as well as the inclusion of Blacklabel into the fray of things, the tonnage naturally progressed in our minds based on released information to shareholders of record.

In light of the lastest release by Mac's team of geologists i can honestly say that I don't feel to bad for being way the hell of on the tonnage, as a FWR shareholder it was quite the revelation to see the following.....50 - 60 million tons!

NOT the 72 Million tons!!! as stated 12/08 but 50-60.

In this day and age of computers how can FWR justify this release of 50-60 million tons when its allready put out to the masses? An obviously lofty and grossly overestimated and incorrect tonnage of 72 milllion, what were they using as a density here 7.5? and that was Dec of 08, a load of holes have been drilled since then, what the heck, where's the consistency, where's the incremental increases from 72 Million on up through the entire drill program to date? Have they not been doing infill drilling for months now????

What is this FWR shareholder missing????

Depending on the way you look at it, anywhere from a minimum of 12-22 million tons in addition to all subsequent, apparently non countable drilling that's been going on since December of 08!

Who the hecks answers? Real answers?

Regards to all FWR'rs

Notster,

this is not a stab, not a bash, not an finger flip to any, just a post of pure investor concern. Regardless of how you cut it, how you take this post, remember, the numbers are out in the public eye and tell the tale, a "fact" to back up the above concerns of a FWR shareholder.

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