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: Re: tender documents - my view
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Oct 21, 2009 11:27AM
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Oct 21, 2009 12:15PM

Oct 21, 2009 12:57PM
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Oct 21, 2009 01:09PM
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Oct 21, 2009 01:58PM

Oct 21, 2009 02:01PM
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Oct 21, 2009 02:12PM

tendered my 250,000 shares of Freewest to Noront. It's a start !

One would hope you are joking to pull a lot of legs. If not, you need to hire help! Just in case, for your benefit and possibly a few others, here is reality:

Tendering 250,000 FWR gets you 62,500 NOT plus $250.- based on the current offer. Here is what you could have done in the market today:

Your worst case today would have been to sell FWR@ $0.51 (day low), buy NOT @$1.91 (day high).

250,000 FWR x $0.51 = $127,500.-, 62,500 NOT x $1.91 = -$119,375.-, you keep $8,125.- (or buy 4253 add'l NOT)

Your best case today would have been to sell 4 FWR @ $0.53 (day high), buy 1 NOT @ $1.78 (day low)

250000 x $0.53 = $132500, 62500 NOT x $1.78 = -111250, you keep $21,250.- (or buy 11,938 add'l NOT)

I would not tell you what to do, you should be able to figure this out. Good Luck!

Deke

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Oct 21, 2009 04:39PM
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