I will be tendering my Freewest shares to NOT

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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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goldfinger

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I will be tendering my Freewest shares to NOT

posted on Dec 05, 2009 10:53AM

I will be tendering my Freewest shares to NOT for the following reasons:

1) Not yet ready to pay capital gains on my Ring of Fire investments

2) Blue sky surrounding NOT shares

3) Freewest has had a significent run up, NOT has not yet had theirs.

4) I believe a consolidated Ring of Fire will receive much higher bidding when a Major major makes their move after more 43 101's are prepared.

5) I believe the warrants will be quite valuable within a year

6) Hopefully there will be several interested parties after the amalgamation is done and get true in situ value for the Ring of Fire. It is not going to happen when you have a piece here and a piece there.

7) I believe Freewest shares will go down if neither cpmpany is sucessful in gaining control. If that happens I will sell some NOT and buy back in. If Cliffs get Freewest, I would rather own NOT.