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: NOT's Turn

The current ratio means Jack squat. It's the ratio at the end game that's critical, till then it just berries for bears and red capes for the bulls.

The release by FWR is an update, just that, an update.

There are no assays, nor is there mention of chemical analysis on FWR core for recovery of said "inferred" Platinum and Palladium", my guess is we'll eventually see the news release with core assays c/w platinum and palladium, question is..does Micon got the chem analysis on the cores to back up the claims in the update? time will tell.

I have been going back through my "stuff" on FWR, specifically looking for the FWR brochure (no longer available on the website) stating that they had more than 72 Million tons at Blackthor, this latest update has dropped that number considerably to say the least, optics on this is not good and no ones made mention of it at all unless i missed said mention. 72 million to 50 million. Where's the difference, where did the tonnage go????

Point is, I as a FWR investor know that the deposit is open to depth and until proven otherwise, at length NNE as well, as are all known deposits along the 20 km zone. This game will continue for another week or so, you think the boards have been vicious up to now, think again, wait till the heart rates start to rise.

lol, those more prone to intense excitement and those faint of heart had better hit EBAY for a quick defibrilator purchase.

Thanks Milsy for your clear and concise analysis on the embedded inferred P and P from Mac.

Far, Far too early in this game at hand to make an unimformed decision.

Sit back and relax

Comfortably holding both..

And still on the fence.

Rob

Share
New Message
Please login to post a reply