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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colombo;

"The plain fact is that the market hates uncertainty, or so we're told, and the whole takeover situation has give rise to massive uncertainty, so the market drifts and drifts."

there are those who keep on telling thses things. Over and Over, Again and Again.

My experience is that these individuals have very limited vocabulary, are virtual slaves to the Simple Catch Phrases, and adhear to the meaningless of the limited insight provided by their indoctrinating catch phrase vocabulary.

As for the present situation respecting Freewest, there is little Uncertainty. Very little uncertainty indeed! However, there is much unknown to us as to what Freewest is looking for in these Confidential Exclusive Deal Making/Breaking Discussions presently underway.

Likewise, at present there is a considerable Unknown as to what Noront is doing to prepare for What Ever the Outcome of the Freewest Confidential Exclusive Deal Making/Breaking Discussions.

It is also Unknown as to WHY both Freewest AND Noront agreeded to Stop the Hearings respecting the Freewest Share Holders Rights Plan.

It is also Unknown as to WHY Freewest decided to Drop the Share Holders Rights Plan at 5:00PM on Dec. 1st.

But is seems to be certain that Freewest was confident enough to make just such an agreement.

Likewise, it seems to be certain that, though it took 5 - 6 hours for Noront to publish a concurring NR on the very same agreement, they too are somewhat content with the agreement as it was stated earlier by Freewest.

As for other Knowns: It is known that both companies have considerable Wealth Producing Mineral Resources locked in the Ground in the RoF. And Freewest has several other very prospective Sets pf Properties and interest in yet another very prospective Property outside the RoF.

It is also Known that Notont Despirately wants Freewest, lock stock and barrel, and MAYBE will be willing to settel for just Freewest's RoF Properties.

It is also Known that Cliff's has an Interest already in Freewest.

It is Known that Cliff's is also providing Funding for KWG to set up the Canadian Chromite Company which in turn is contracting out to get much of the Infrastructure Feasibility Study work completed in very good time.

It is also Known that Cliff's is conducting processing and other Metalurigical Studies on the Freewest Chromite which is also a key ingredient in Feasibility Studies.

It is also Known that due to the Cliff's/Freewest/KWG advanced work in these areas key areas, even Noront is now contracting to have much of the same Infrastructure Studies worked on in addition to their Chromite Studies.

There are a great deal of other Significant Known respecting all things RoF and Notont and Freewest, etc..

But at present the most pertinent Known is that Freewest is in Discussions and are willing to face What Ever Consequences arise from those Discussions, be there a DEAL or Otherwise.

And that makes this period, between now and 5:00PM, Dec. 1st a very Certain Period.

Old Joe

PS: What would make Noront produce any news before 5:00PM, Dec. 1st, other than the revised Share Swap Offer Time Line, in case there is no acceptable deal in the Confidential Exclusive Deal Making/Breaking Discussions as determined by Freewest come 5:00PM, Dec. 1st?

Why would Noront make a NR on anyother matter?

What would be news worthy for Noront between now and 5:00PM, Dec. 1st? Why?

Better yet; What could happen to Noront between Now and 5:00PM, Dec. 1st?

This latter question could change matters considerably again, should there be something to this effect occur! Something happening to Noront. What Then?

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