Two weeks ago MAC told said that FREEWEST was working on a "RESOURCE INVENTORY", in response to an inquiry about the progress of a NI 43-101 concerning some, any or all of their "RING OF FIRE" deposits. He said that the "RESOURCE INVENTORY" that would be released would be "In the spirit of a NI 43-101, and conform to its requirements" so people could honestly judge its contents on an "Apples to Apples" basis. IMO, after 40 years in this business, MAC has learned how to be trustworthy and keep his stockholders trust, all comments to the contrary and this is exactly that.
From what I can determine, this is but a taste of things to come, being the forerunner of of the NI 43-101 that is due out around the New Year, for the BLACK THOR deposit ONLY.
I notice the depths are quite shallow and the whole deposit is open to depth and 2.6 Kilometers LONG and yet open on two sides. Sounds like the deposit is larger than the town where I live. I noticed by some crude math that the CHROME is worth lots more than the PGM's/PGE's, as yet. Noted are the grades which will no doubt be extracted as Metal credits by the eventual processor.
The deposit is "conceptually", IMO, a huge downward pointing funnel shape,and close to the surface. With the current composition, a geologist who understands some of these deposit types said that they can expect to find more and more minerals in more and more varieties as they sort thru all the various "Reefs" and gradations that they can expect to find.
I think the market will enthusiastically embrace this NR given its source and nature and the fact that, IMO , it is a taste of the ongoing gifts that FREEWEST is going to bring to its shareholders.
Back to some rank speculation and that is: Given the rise of FREEWEST's stock from August forward under steady upward bid pressure, I think NOT knew they were up against a time when MAC would issue something like this,and as a result had their hand forced to make, IMO, a fake bid as they did. As in the case of AQUALINE RESOURCES vs. IMA,, imo, if it could be proved, I think they knew something huge was down there, since they were JV partners to a large exent with FREEWEST. Also since treachery and betrayal are coin of the realm in the mining and finance industry, with notable exceptions, specifically MAC and crew, it likely occurred to MAC that exactly this would happen, and so as the coolest poker play at the table, as in the Cincnnati Kid" [Paul Newman], MAC played his cards exactly right, waiting for this moment to START showing his hand.
Again, I am willing to be wrong, analytically, by going out on a limb to say this KILLER NEWS RELEASE will be TOTALLY TRUMP, however that is what the TA tells me, and told me in the Oct 22 chart I published. I think thats my story and I am sticking to it............ lets see what the market says........
Good Luck
