We are still early in this game. A couple things to remember with respect to FWR....
First, Black Thor is one deposit.....although not proven yet, how many here think for one second that when the final numbers are in, that the chrome deposit will be less than the amounts as presented. In addition, FWR still has Black Label and Big Daddy coming as well.
Second, testing for the PT and PD and iums is still in the early stages. Questions regarding the economics and recovery make perfect sense. Maybe there ends up being no value there....maybe there is. My opinion is that it's not just the chrome NOT is after. I'm sure they've done some testing of thier own.
Third, FWR's land package, although small in comparison to NOT's land package, is surely proving up value and showing potential for more. The market up to now is telling us that NOT's offer is insufficient. Maybe that will change as we near the deadline.
For disclosure purposes, I own both NOT and FWR....more $$ with NOT, but prepared to buy more NOT and/or FWR on any dips.
On another note:
I feel a bit like going to a ball game where my two children are playing on two opposing teams. Others in the croud have only one child on one team or the other. Several close plays occur and parents of the two teams begin to argue over the outcome. Trying to give an objective opinion causes parents of both teams to dismiss my judgement.
In the past two days, I have posted on both the NOT board and the FWR board. I tried to stick to the facts and give an honest and objective opinion. In both cases, someone from each board lashed out at me personally suggesting I did not belong on their board.
Let me say this just once.....I own both....I have the right like everyone else to post my opinions.....I will not stoop to getting into a confrontation in a public forum.....I will not be bullied....and, most importantly, I will not leave.
