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: 1+1=3

1+1=3

posted on Nov 27, 2009 09:00AM

Well, what a crazy couple of weeks, exciting actually. We haven't seen this kind of action with Jr. miners for awhile. For the record I own both NOT and FWR.

FWIW, I had mixed emotions when NOT made their first offer for FWR. I felt it would dilute NOT too much, then I got over it. I started looking at it as 1+1=3. By NOT and FWR shacking up together (not a great picture! I know, I digress)... I felt as 'one', we could move this thing forward and really package something the big boys would like to take over. (My preference would be Teck. so we keep it in the homeland, but that's another chapter)

Then along comes 1/2 a big boy (CLF) with an offer that I feel (as a shareholder of FWR) is ludicrous. I get .55 cents for my shares with NO blue sky opportunity. As some posters have mentioned, if I wanted blue chip, I would have bought BMO or TD. By taking over FWR, CLF increases their revenues by 42%...are you kidding me. That's close to half of their operations...and they pay you and I $118 million. Geez, where do I get a job like that.

All I would like to say to Wes/hedgies and Mac, is 'stop this pi$$ing contest!' Have you ever thought that if you tried to get along, just for the next year or so, that 1+1 just might have a chance of equally 3.

Have a good Friday everyone,

Cheers, MGB

PS. Anyone who wishes, feel free to knock me back to the mailroom...some people's children and their games.

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