And all this tells you is that other than far exceeding the $3 Million to obtaing the 50% interest in the Big Daddy Deposit, NONE of the three Companies in the JV Agreement expect that a Bankable Feasibility Study will be needed.

However, at this stage in the Drilling Program at the Big Daddy Deposit, doing a Bankable Feasibility Study may well be the less expensive approach the getting that extra 10% Effective Ownership. But then the Full extent of the Deposit would not be defined.

Thus, the Pragmatic Approach.

Prove Up the Full Length of the Big Daddy Deposit.

And it may well be that only the first SPQ $2.5 Million (by March 30, 2010) will need be spent (assuming the cash above the initial $3 Million already spent is not included in the NEW JV Deal) before FWR has an agreement to Sell Off All their RoF Deposits, OR have a Major Mining Partner come in to Develop their Chromite (plus PMG's) Holdings plus what ever other Minerals the FWR Properties contain.

Old Joe