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: Cliff buying FWR

Re: Cliff buying FWR

posted on Oct 12, 2009 07:14PM

Wes basically said to Mac show me why you are worth more than 4-1 and I will show you why this is fair. Wes knows what Mac has up to now. Mac stopped drilling at the end of summer and only recently resumed drilling. The odds of FWR coming up with something subtantial at this point of the game (other than what is currently known) is very small but is possible. We will find out in the next month if they have hit something new and subtantial.

Noront has a bonafide wild card in assays coming out before the AGM. When Wes utterred that challenge, he most likely knew what those assays showed and I believe this is what gave him the confidence to challenge Mac this way.

Time will tell,

Glorieux

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