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: Something is not right...
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Nov 12, 2009 03:39PM

I posted about this topic a few days ago. When I crunched the numbers, it made more sense for me to tender my shares than sell and buy, which has to do with what your average prices were for FWR and I suppose NOT as well.

If I sold all my FWR and bought NOT I would pay commissions and capital gains tax, and my average sp for NOT would come down to $3.04 or something like that, but if I tendered my shares I pay no capital gains or or commissions and my average NOT shareprice comes all the way down to $2.94 because my average price of FWR is like .295 so my "REAL" cost of a NOT share is 1.18.

Tendering is a bad deal I suppose if you are a FWR shareholder who's average price is above .40, but I doubt there are many of those around.

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Nov 12, 2009 04:10PM
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