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: Deadline

The reason for a deadline IMO is that the value of FWR shares is at present influenced not only by the Cliff offer but also by the possibility of an improved NOT offer. Presumably the market is taking into account an extended NOT offer. If the deadline is established for sure then FWR shareholders will realise that the value of their shares post the NOT deadline will be solely influenced by the Cliff offer and nothing else

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