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: Tangi, FWR better then NOT, NOT

Re: Tangi, FWR better then NOT, NOT

posted on Nov 27, 2008 06:36AM

Great points d12. Addressing the $22 million difference, lets not forget that we already have a study which shows that E1 is worth $464 million without even taking into consideration the deep drilling and all other anamolies. Our properties are definitely worth more than FWR's properties at this point but it doesn't really matter since the fact that we both have extremely high quality finds is what will help both companies realize a nice profit in the end.

We already know that we are severely undrevalued and the one great thing to take solace in is that the ore isn't going anywhere. Yes we are going through some of the worst market conditions ever but when things begin to rebound, not only will we still have the ore that we've already found but hopefully we'll have found much, much more.

Trying to be patient,

Deeter


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