Eye on the prize… I get it now… the last thing Noront and their supporters would want to discuss in a public forum is the special nature of FWR chromite deposits, my mistake. At my request, without duress, I have had Agoraom remove my controversial post… let me try again and say what I intended.

Make no mistake, IMO this is why FWR has become a target;

1. When you have the best “Bicycle” in the neighborhood, the bullies will try and take it away.They are not going to tell you how nice it is, they will just knock you over and take it.
2. The section of the layered mafic intrusion that is on FWR 100% ground and on the grounds of JV lands contains a TRUE, RARE, ETREMELY VALUABLE “Wonder of Nature”, i.e. Black Thor, Black Label and Big Daddy Chromite deposits.This is indisputable, undeniable, and certainly NOT something the HOSTILE bidders and their friends would want to highlight in any public discussion IMO. Sorry I tried, it ended bad, with unintended consequences.
   
3. A NI 43-101 is not necessary to recognize the size and special nature of this deposit, but will come in the normal course of development of these deposits.The importance of a NI 43-101 IMO is a detailed description of the deposit upon which resource estimates can be hung.Resource estimates are simply the “math” surrounding assigning a grade value (using geostatistics) to the ground between drill holes so that tonnages and confidences can be estimated, they imply no economic value.Attempts, however sophisticated on the surface, by any outsider to place an economic “valuation” on FWR chromite deposit is an exercise that may seem pertinent and essential, however, IMO it is an exercise fraught with uncertainty and prone to immense error in both directions. However, big ELEPHANTS are easy to identify as trophies, even for the visually impaired.
4. I’ll put it this way, to keep it simple, what are the chances that one of the largest Chromite Deposits EVER FOUND is economic? IMO it does not take much imagination to answer this question in the affirmative. The question is not if, but when a company, hopefully in friendly association with FWR, develops the mine is HOW RICH will it make shareholders? I contend that ANY DEPOSIT that is among the world’s largest has a HIGH PROBABILITY of being HIGHLY PROFITABLE. No wonder FWR is under attack. End of my "back of the envelop" valuation.
   
5. Ready to give all of this up for 40 cents? You’ve got to be kidding!

I make no mistake about what is at risk here for FWR shareholders, it is simply, as near as I can tell, the LARGEST GIANT CHROMITE DEPOSIT EVER FOUND IN A LAYERED MAFIC INTRUSION! As such, GIANT POTENTIAL FOR discovery of classically associated Platinum Group and Base Metal deposits, and now Gold.

Some background info from the scientific literature…

http://oxfordjournals.org/our_journals/petroj/online/Volume_38/Issue_10/html/ega062_gml.html

To date, podiform chromite ‘giants’ (>100 Mt chromite) are known only from the Kempirsai district, Kazakhstan. In addition to high-grade chromite ore, podiform chromite deposits usually carry low-grade mineralizations of platinum-group elements (PGE) (e.g. Stockman & Hlava, 1984; Talkington et al., 1984; Legendre & Augé, 1986; Prichard et al., 1986, 1994; Augé, 1988; Augé & Johan, 1988; Orberger et al., 1988; McElduff & Stumpfl, 1990; Tarkian et al., 1991; Yang & Seccombe, 1993)

A group of large orebodies in the southernmost part of the MOF contains reserves of 310 Mt chromite ore averaging 50 wt % Cr₂O₃, from which about 30 Mt have already been mined (G. Elpashev, personal communication, 1993). The largest orebodies reach 1800 m in length (Molodezhnoe) and 230 m in thickness (Diamond Pearl).

Sound like Black Thor/ Big Daddy?

And this reference to KEMI

http://www.gsf.fi/publ/foregsatlas/article.php?id=8

"It is worth mentioning the Kemi chromite deposit in northern Finland near the Baltic sea, which was discovered in 1959. One of the rare large chromium deposits in Europe, its reserves are estimated at 30 Mt of ore with 26% chromite (Cr₂O₃). The ore is hosted by mafic-ultramafic intrusive rocks."

Sounds a little wimpy in grade and size doesn’t it… but the author classifies it as “rare” and “large”.

http://oxfordjournals.org/our_journals/petroj/online/Volume_38/Issue_10/html/ega062_gml.html

Principal features and origin of podiform chromite deposits, and some observations on the Guelman-Soridag District, Turkey

T. P. Thayer

"Podiform chromite deposits occur in peridotite and mafic complexes of alpine type, and are tabular, pencil-shaped, or irregular in form. In contrast with stratiform deposits, whose textures and structures reflect crystal settling and suggest analogies with sedimentary rocks, the textures of podiform deposits reflect extensive flowage, under magmatic conditions, as a stiff crystal mush and suggest analogies with metamorphic rocks. Though the orebodies as entities may be parallel or discordant with wall-rock layering, interval linear and planar elements are generally parallel with those of the country rock. The relationships of the various structural elements are critical exploration guides."

Sounds like the description of NOT’s deposits, even though they are NOT likely to be ophiolitic in origin. Read this… page 4, page 11 and 12, FWR Director's Circular;

“Freewest believes that its Black Thor chromite occurrence is superior to Noront’s nearby “Blackbird”

chromite occurrence, both in terms of potential size and likely grade. As a result of an examination in

September 2009 by Freewest’s exploration team of Noront’s core data, a three-dimensional exploration

model prepared by Noront’s geologists, as well as various public disclosure documents containing

geological data regarding Noront’s Blackbird occurrence, Freewest has concluded that the character of

Blackbird’s chromite mineralization tends to be “poddy” and discontinuous, and will not contain as much tonnage of good-quality chromite mineralization as Freewest’s Black Thor occurrence.

Geologically, Freewest believes that its Black Thor occurrence is located within the thickest portion of the “Ring of Fire” ultramaffic intrusion, whereas Noront’s Blackbird occurrence is likely located towards the fringe of the ultramaffic intrusion.”

added, Sorry to say, deposits have margins and feather out.

“Based on that information, as well as various public disclosure documents containing geological data regarding Noront’s Blackbird occurrence, the conclusions reached by Mr. Hoy and Freewest’s two geological consultants were that: (i) Noront’s Blackbird occurrence does not compare favourably to Freewest’s Black Thor occurrence; (ii) Freewest’s Black Thor occurrence possesses better geology and chromite mineralization than Noront’s Blackbird occurrence and is in the thickest part of the “Ring of Fire” ultramaffic intrusion; and (iii) Noront’s Blackbird occurrence does not have the same tonnage potential as Freewest’s Black Thor occurrence, in that Black Thor is characterized by thicker and more continuous massive chromite beds compared to Blackbird. Accordingly, tonnage from Freewest’s Black Thor occurrence is expected to be greater than from Noront’s Blackbird occurrence, with better quality mineralization.”

Lateral continuity is the measure of a strataform deposit. THIS IS FREEWEST's GROUND, IMO. The SWEET SPOT. It follows, IMO, that the thickest sequence of ultramafic rocks resides the closest to the ROF intrusive feeder conduit.It follows, IMO, that the thickest, most laterally continuous bed of chromite resides proximal to the feeder conduit as well.This is just common sense IMO, not discussion clouding noise, couched in sophisticated reasoning or questionable reckoning.

Ready to give this all up to Noront for 40 cents? I ain’t ready for them in my pockets yet, NOT for 40 cents.

Not investment advice.DYODD.