Re: FWR

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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colombo10

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Re: FWR

in response to

Re: FWR

sag4tag

posted on Dec 29, 2009 02:32PM

I accept my share of blame. I should have the discipline to ignore much of what is posted on the FWR board. What sticks in my craw most is the disparity IMO in the relative values of the two stocks.

Of course these days companies issue shares at the drop of a hat because theyhave lost the desire to preserve shareholder's equity - so we have a situation where two junior companies have IMO a ludicrous number of issued shares - FWR over 200 million and NOT way over 100 million. I worked for a gold miner from 1974 - 1981. During this time our issued shares went from 3.3 million to around 3.4 million! It's a different issue I know but somewhere along the way shareholder's equity has become devalued. Rip Van Winkle would not believe his eyes if we were to wake up and see what has become the norm. You have to discover an elephant to have a share value of $1.00 or more.