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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Good afternon agan Edgy: You posted --> Noront having been scalded by the experience may be having second thoughts on future opportunities to merge or buy out

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I don't really think that it was scalded as much as the BOD of FWR more or less forcing the retail sharehlders to turn down Noront's offer by signing a penalty clause if it wasn't sold to Cliff. A basic 'presale' agreement, pior to bringing in the retail.

Sorta like "ok, I'll bid on the mule, but if you don't sell her to me, you will owe me $1000.

This may be normal business, but then as I mentioned, I am only knowledgeable on mules and lost Jesuit mines.

But isn't a merger a bit different from a flat take over?

Don Jose de La Mancha

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