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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Re: Chrome

in response to
Chrome
by
CMP
posted on Oct 12, 2009 03:49PM

That is a great post Mike and exposes the challenges FWR would have in going it alone or anyone else taking that deposit and going it alone. This is why the NOT/FWR merger makes it more feasible to justify the infrastructure.

At the end of the day, what we want is to have the RoF become a mining area and this will require a huge investment. That huge investment must be offset by a low risk/high ROI. With the current discoveries, there is not enough ore to have 2 companies taking on that risk. So this is why consolidation is needed.

G.

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