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)

Free
Message: From Northern Miner

I agree JD.

This is Hamilton's way of downgrading Freewest. Normally he says things like "we are the only ones that have a 43-101 and we have the $$$ to drill while others don't.......we are 1 year ahead of everyone else......"

Compaing this to a horse race, NOT got out of the gate in a hurry and took a big lead.....however some of the others are coming on strong and in fact going into the club house turn they are almost neck and neck with Freewest closing quickly.

Also several of the other horses are poised to make a mad dash down the stretch.

At this point it is still wide open as to who will win the race. One drill could completely change the dynamics. Probe, UC and Fancamp are certainly not out of the race.

There are several experienced judges watching this race that may have a different opinion than Joe....and they are the one's that count in the long run.

I doubt very much that Cliffs actually agrees with Joe's perspective!!!!

His estimate of $70M for infrastructure seems very low compared to the total value of all deposits discovered to date.

SN

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