High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"
NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
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Message: Understanding The Freewest Mentality

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Re: Understanding The Freewest Mentality

posted on Nov 04, 09 11:57PM

This is not just Freewest Mentality but something that pervades most shareholders irrespective of company name.
NOT value range of $3 to $10, or FWR from $0.75 to 2.50, are values that many holders Hope to get in the near future ( partly based on perceived resource that has not been completely defined ) and should not be confused ( as many do ) with real and Current Value.

Noront offered a real current value at the time the offer was made with a percentage premium as an incentive. This is similar to City Hall expropriating your house for street widening or some construction project.

However there is another difference that most seem to ignore or not aware of. This is a merge and not a buyout. A buyout would be - Here, take the money and go away.

Here, we are exchanging one devalued stock for another ( you can argue as to which is more devalued in today's market and on assets held basis ) and the result is that every resultant shareholder is not left with cash in hand but shares in a combined company with a combined resource. So in general you still hold a devalued stock as before but with a slight difference based on which original portion you believe has better appreciation or contribution potential.

I happen to believe that what little difference there is with the originals, it will be largely compensated for due to the benefits resulting from the combined assets and total market strength.

So I see all this as squabbling over trivia. - My dad is smarter than your dad, lol.

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