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: Re: maybe time for retail to enter the ring

I would favour a deal ( still 1:4) just for the Ring of Fire assets of FWR per Cliffs offer, however that would no longer be a merger but a buyout of those assets.

The only favourable aspect to a current FWR holder would be that he would hold shares of both companies but they would be seperate entities.

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