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Assets

posted on Nov 19, 09 01:20PM

I posted this on FWR in response to a post regarding the release.

I have not posted for a while because quite frankly, I don't see what benefit it is to beat up on NOT or FWR when it is my own best interest that both be promoted. I recognize the value that both companies have in the ground. Both have a chromite resource and NOT has a nickel resource. I don't like the negativity and don't want to be part of it. But in the wake of NOT's release this morning, the reference to the Eagles nest being a pencil that has not materially changed is a gross exageration. For example, we put out a release on FWR's chromite that we have 60million tonnes (on the high side) of chromite. This is over a 2600m strike and an average depth of 300m. Do the math. At the density in the release of 3.7 t per cubic meter, 60 million tonnes is16.2 million cubic meters. Given the length and depth of 2600 and 300m respectively, the average width of the ore body is 20.8 m. If Eagle Nest is a pencil, than this is a sheet of paper on its end. We know that neither of these deposits can be generalized or discredited by these analogies, so lets cut the crap and promote these two great world class orebodies with the factual due dilligence they deserve.

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