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: The way I figure it...

While the KWG 'option deal' can't be ignored I rather wish it would be. It is a terrible deal for KWG investors since they get paid chump change up front and IF sometime over the next few years the optionee decides to buy in they can and at what a bargain price. I say bargain because as soon as Noront, perhaps with FWR's help, prove an economic mine or mines (Nickel + Chromite) then KWG's share price will likely be valued far higher than the option price struck.

Who knows what possessed KWG to do this deal but thankfully Noront, FWR and others in the ROF would just laugh at anyone presenting such terms to them.

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