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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Edgy,

I wrote:

"The offer from NOT would be superior as FWR shareholders would still benefit from FWR's assets albeit within NOT."

You wrote:

"I read from above that you consider FWR shareholders would benefit less within NOT/FWR."


I don't believe my post implies any such thing and in fact my belief is the exact opposite of what you have stated. I have reread my post and am unable to explain how you came up with your interpretation of what I wrote.

Thanks

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