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: Wow, seriously high emotions flying around all over the place...

No. FWR is not "worth $30billion dollars", that is a guesstimate of the in-ground value of the chromite resource it has in the ROF, just as around $5billion is a guesstimate for the in-ground value of the Eagle 1 deposits. Neither company can expect to be valued by the market at anywhere close to those numbers. They just might help to give some idea of the degree by which both companies are presently undervalued. Exploration cos can only expect to realise a low, discounted percentage of the resources they find, I think we all know that. All in my opinion, please note.

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