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: Institutions

NOT's increase in today's SP

in response to by
posted on Dec 03, 2009 08:38PM

Good evening Ladies and Gents,

Todays SP increase would suggest that another offer from not is coming, I am predicting tomorrow before opening. Knowing FWR's value, both NOT and Cliff will not let FWR go. Another possibility that may surprise many is a third offer from another major. Offers back and forth can still go on for at least another month. I would not be surprised if we see FWR's SP reach very close to $2.00 during this bidding process. Anything could happen. What if both NOT and Cliff decide on a joint venture and agree on a 50% stake in both owning FWR? We all know that NOT's BOD are not in favour of Joint Venture's and nevertheless, still agreed on a joint venture drilling program with FWR.

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