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: latest rumors

I do find the rumour credible while recognizing that it is just a rumour. FWR would want any offer just as a delying tactic; so even a sixty cent offer would provide the delay. The other part of the rumour was that the institutuions walked away from it. That is also quite credible as a sixty cent offer sounds quite weak especially if it would mean loss of future benefits from the RoF to the present shareholders of FWR (as it would in an offer from Cliffs). The offer from NOT would be superior as FWR shareholders would still benefit from FWR's assets albeit within NOT.

To Berta Curry .....hmmmm.....deity......hmmmm

Cheers

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