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: One possible reason why Xstrata...

One possible reason why Xstrata...

posted on Dec 05, 2009 06:52AM

or others haven't appeared to pick up FWR has been somewhat written about. Imagine what the sp of NOT, PRB, FNC, BMK, etc. would do if Xstrata et al put in a bid on FWR. I think someone mentioned before that it would be like buying a car compared to buying the parts to make a car. Which would be cheaper? Though the FWR mineralization is valuable their land package isn't that inspiring also. The future would be much more promising wih the land masses of NOT and others to really capitalize on an investment in the ROF. I suspect that NOT will be true to their word about not changing their offer but for a change in their sp. The latter aspect would likely reinforce the position of staying in the background of any majors. Let FWR be taken for less than in a bidding war and pick it all up at a better sp as an amalgamated company.

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