Holding close to the vest...

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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Justduke

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Holding close to the vest...

posted on Nov 25, 2009 04:31PM

My feeling is Wes still has a number of aces to play and has to play them at the right time. He and our talented BOD never dreamt of walking in and taking FWR with the first offer and I am quite sure they new there would be competition coming from Cliffs.

My guesses for what they are worth on what cards Wes is holding are this:

1. there are still more assays to be released and I don't just mean assays, I mean good ones, attention getters.

2. maybe he will release visuals on current drilling (???)

3. Backing by a major for 10%.

Wes needs to get the SP up to make this work as is, but I do think the offer will be changed from 4 to 1 to maybe 3.5 to one.

Some imput here would be great. These are just my uneducated guesses while I wait impatiently!!