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: NOT warrants

NOT warrants

posted on Dec 04, 2009 11:00AM

If you believe as I do that a major is going to consolidate the ring of fire withinwithin 5 years, the warrants are a sleeper in this deal. They are only assigninga value of $.20/Freewest share. I think that means they will each have a value of 3 1/2 X $.20 or $.70 each on the exchange. That means that for $700 you could control 1000 shares of NOT and be in the money over $4.00/share. If NOT goes to $8.00 be a profit of $3300 on a $700.00 investment. I therefore think these warrants will be trading above $.70 right away.

These warrants will be listed on the TSX and freely traded. I have spoken to JJ in the NOT office and she has assured me the warrants will be given to US stockholders as well as Canadien. This question was raised by someone.

I am not an accountant so I would appreciate someone either confirming or correcting my math.

God bless all Freewest shareholders.

Goldfinger

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