Today they call them Explorers, in the past they called them STAMPEDERS

as they followed from strike to strike, trying to lay in the BIG CLAIM, once DISCOVERY CLAIM had been hit.

   In this case, since Voisey's Bay attracted all kinds of people from presidents to pond life, its not surprising that many who missed in VB, were determined to hit the NEXT BIG ONE.

    A very experienced Geologist once said to me, "When they take the core out, sometimes the specimen is too obvious to be able to hide what it is."  And at that point, you know the word is out ! ! !

  I am exactly sure that is what ran thru Richard Nemis's mind when he saw the core containing Pentlandite from the hole of  the Double Eagle Strike "THIS IS THE STUFF THEY FOUND IN VOISEY's BAY ! ! ! "

  Now that SPQ has pulled a core of "GODLEVSKITE" from its latest sampling that is located within several hundred meters of the surface of Big Daddy, their JV with FWR  & KWG, they noted its rich nature, as it could contain a maximum of 64% Nickel  ->  Look here :Web Mineral Site.  This mineral is found in Norilsk, as was Pentlandite, [ 34%  Nickel][ which alerted Prospectors Sparks and Verbiski  in VB], as well as the Texmont Mine now owned by Fletcher Nickel which shares some people with KWG.

  Here is the part of the release that is going to make things a bit more interesting:

"- Hole 33, after passing through 11.0 metres that averages 40.29% Cr2O3, entered a narrow nickel sulphide filled fault zone that averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd over 1.0 metres. A sample selected for petrographic analysis as determined to contain a low temperature alteration assemblage of minerals including godlevskite along with veinlets of mackinawite which infer a possible nearby primary nickel source."

    Well it is obvious we have some very, very intense minerization, some of which is found in Norilsk and Voisey's Bay, and its OUT now, so I wonder if we dont soon see the RING Catch FIRE.

    So, chrome, nickel, copper, platinum, palladium, gold, silver and diamonds are all found in proximity to the RING of FIRE, as well as FREEWESTS huge find, BLACK THOR, BLACK LABEL and now the Joint Venture holding BIG DADDY of SPIDER, KWG & FREEWEST, is tracking a river of nickel.  We really have no idea what might happen next............

"TWELVE WEEKS of M & A Activty in the RING of FIRE

RED=CHROME, BLUE=PGM's, YELLOW=NICKEL, GREEN=COPPER

OR

FWR=RED, FNC=BLUE, SPQ=YELLOW, KWG=GREEN

and so HAPPY HOLIDAYS TO ALL YOU AND YOURS. We sing our holiday song to the tune of
"The Twelve Days of Christmas" and we are so happy and grateful to be in the RING !

"On the 12th Week of M & A Activity, the RING of FIRE gave to us, 12 Juniors Staking"."

AND Two Improved Bids for FREEWEST, plus two new rumored "interested parties". Wow its beginning to look a lot like Christmas ! !

"On the 11th Week of M & A activity, the RING of FIRE gave to us, 11 Drillers Drilling" AND
an improved ALL-Cash offer for FREEWEST from CLIFFS. Wow, its beginning to really feel like Christmas ! ! !

I just bet you that some very big reindeer [ moose size maybe ] is gonna come in here with Santa riding on his back, with lotsa goodies for all those holding good RING of FIRE properties. So far FNC, PRB and FWR are getting the attention, but I want to see what Santa has for everyone. So far the Santa Radar only has FNC, PRB and FWR showing. Maybe more towards Chrimstmas some more will show up.

Be good and hold onto your shares, no matter who tries to take them from you, as SANTA KNOWS what is the RING of FIRE............... and "DADDY WONT SELL THE FARM"



HAPPY HOLIDAYS EVERYONE !!!

WORLD CLASS in the RING of FIRE

Thats what we have here in the RING of FIRE, World Class. Chrome deposits thick, long and rich ? PGE's ? Cu ? Ni? Rare Earths ?

NO ! WHOA there buddy! !, IT's Mac-HAMMER !!

I am talking about a more serious quality that that!

Lets talk about the guy who held the fused bottle of smoking nitro, and calmly did exactly what he said he'd do, Mac Watson..

Piloting FREEWEST thru the straits and rapids, blind channels,and shoals.

Smart enuf to team up with CLIFFS a couple years ago, he brought FREEWEST the offer that now has been just the opening round in what will be a Battle Royale.

Withstanding the slings and arrows of outrageous fortune, and gracious to all,

IMO, Mac is a world class act. "CLASS" popularly defined as "that element of grace and taste and elegant manner of style and action". He is standing tall, and will, IMO, exit smiling with his shareholders.

Its not a stretch to see his "grace under fire", as the mud-slinging falls wide of the mark, and hear his humanity as he says such is expected in this struggle.

Any of us in his position would do as he has or worse, and sad for the miscreants who attempt to sully his name, as what goes around comes around by a factor of 3X.
It wont be that long in coming.
I dont see Mac getting fitted for a halo, in fact I want to see him with his hands wrapped around a chip hammer, working in the field for the New Freewest, or ink stains on his hands from the maps running wet, in the field. Give the man some credit, give him some space and above all, give him some time in the field when this is over, he'd like that.

Enough said. As MC Hammer would say about Mac "Cant touch this ! "

When its all over, he'll be known as "Mac-HAMMER" !!!!

Poll Results

In short -> 56% of the responders think that the next "Big Thing" is not yet known !

44% think that the Next Big Thing is already known.

88% want CASH, the rest, Participation.

Respondents want the explorers to look for Chrome, PGE,s & CU / NI

No one thinks FREEWEST is over priced.

I think that most of these reults weren't surprising at all.

Again, I go back to the responders / readers being informed and aware. !

As you see I composed the first verse of the "12 WEEKS OF TAKE-OVER", which I repeat here : " On the 12th week of Take-Over, the RING of FIRE gave to me, 12 Juniors staking."

The RING is hot, getting press at BNN, FORTUNE, and a number of other mainstream venues, plus the serious Mining Journals and Publications. Given Ontario's huge size and huge mineral wealth, it IS surprising to see HOW LARGE a Mining Camp might
develop from these activities, as you have the DEBEERS VICTOR Diamond mine on the EAST, the GOLDCORP MusselWhite Mine on the WEST, and lordy knows how many deposits to the SOUTH. Probably the whole thing is OPEN TO THE NORTH.

Now those who have traveled in the Arctic, Africa, or places say other than Europe, you must get used to mind-numbing distances, that seemingly arent shown on the map, you are the victim of the "Mercator Projection", which describes its features in this quote from Wiki :"Like all map projections that attempt to fit a curved surface onto a flat sheet, the shape of the map is a distortion of the true layout of the Earth's surface. The Mercator projection exaggerates the size of areas far from the equator. For example:

* Greenland is presented as having roughly as much land area as Africa, when in fact Africa's area is approximately 14 times greater than Greenland.
* Alaska is presented as having similar or even slightly more land area than Brazil, when Brazil's area is actually more than 5 times that of Alaska.
* Finland appears with a greater north-south extent than India, although India's is the greater..

So now we know why it takes SOOOO long to go places that dont look that BIG. OK

So now we know the distances. Nakina, Ontario, on Route 11, is probably 200 miles S.of the RING, in basically unroaded territory. Bulk minerals whether concentrated or not will require heavy rail transport to infrastructure facilities at Nakina, Thunder Bay or Sudbury. Rail thru territory like this has been accomplished by strong but not heroic efforts where RAIL was the only heavy transport option. Ontario, Canada's Federal Government and numerous First Nations communities are committed to reducing poverty through good jobs. So far plans for human facilities in Northern Ontario are on the Agenda of all three of these groups, therefore lending a strong positive dynamic for development of the mineral assets in the RING of FIRE. Balanced against the distances, the human imperative seems to be to more forward especially where there has been successful precedent.

Right now the RING of FIRE is a HOT development just opening the tiniest tickle in the consciousness of investors and manufacturers in Ontario and Canada. It can only get bigger.

Now that was fun ! Its the HOLIDAYS, so lets sing

THE TAKE-OVER SONG which goes as follows:

"One the 12th week of TAKE-OVER, the RING of FIRE gave to me, 12 Juniors staking."

Now that one sounds like fun. Let see there was Rudolph, Prancer, Dancer, Donner and OOPS wrong song,. It is Freewest, Spider, Kwg, Probe, MacDonald, UC, Temex, Hawk, Baltic, Northern Shield, UC and Fancamp. Wow what an assortment !! And not even a complete list, right. Now who did we leave out? Noront? Well they are in the RING with a really huge land position.

Ok, so now, they have STAKED. And drilled. And assembled assays. So now what do we have? In real terms we have 10 years of boots on the ground. Ten years of exploration and drilling. What do we have? Diamonds? No, just signs. Copper? Yes significant signs. Nickle, same. Gold, silver? Well maybe some. Platinum group minerals and elements ? Yes we have lots of that showing.

So far there is one "Stand-Alone" deposit, that holds the potential for economic development now, and as the game progresses it now holds the extremely important spot of FIRST TO BE DEVELOPED. No doubt the other elements folded into this will come out in the fire also, to be sure.

This first deposit is truly an "ELEPHANT" and we can only eat an elephant one bite at a time. I seriously doubt we are past the 2nd bite yet,and so no one really knows its potential future pricing, as every parameter used in figuring the current deal is based on the lowest, most conservative values. We are also neither in Manic 2007, or at the peak of the steel market, both of which are coming again, IMO.

Interestingly, Probe & FNC are keeping pace with FREEWEST, while, SPQ, KWG, NOT, TME and BMK are holding their ground in spite of the TSX downturn.

With offers from CLIFFs and NORONT, FREEWEST is in new high ground for multi-year highs, extremely bullish and yet with a still good head of steam underneath it, perhaps indicating the market expects more, as in the 2nd round of a 15 round Headliner Match. Probe is exactly mimicing FWR while FNC is very positively related. As a rule, its understandable why interest is rising in the rest of the RING, but yet curious why KWG and SPQ are not showing the same zest as FREEWEST. Curious.

Just like when you field dress a big animal weighing tonnes, there is a lot left after the first steak. Stay tuned. I think I hear some big predators on the prowl out there. I cant see it clearly but I can hear them moving around.

Bidders and Prizes

The prize is FREEWEST, its Chart from yesterday in the last post. It looks like a winner waiting another bid, IMO.

The above is clearly a "Tale of Two Stocks"

For CLIFFS it looks like the Best of Times. It keeps correcting and then going higher


NORONT seems to have trouble getting it " In- Gear " to sustain any real move, and raises questions of its liquidity should it have to fund a FREEWEST acquisition.

This question is really which one anyone wants if they get stock and not cash for
their FREEWEST shares. This doesnt even touch the question that many FREEWEST holders
are considering turning down both deals and seeing much higher bids in the wings.

As you can read from the polls, probably two thirds or better of the respondents say they would, could, or have held a MAJOR Mining Company, so to many, stock from a MAJOR may be an acceptable item if the "Price is Right".
A sizable number expect Noront may be as well, acquired by a Major. Therefore a cash offer might be attractive but is not a REAL clincher unless "The Price is Right"

Many of the RING of FIRE stocks are now and have been under long term accumulation.
For now, FREEWEST is "The Next Big Thing, in The RING", and this saga may draw out some, but perhaps clues exist as to what will take place next.

The polls on this blog will close in couple hours, and perhaps I can put up some new polls to get a feel for what we think is and should happen.

G'Man's contributed Article on Chrome Deposit

This is an article submitted by a FREEWEST Shareholder. His hope is that “RING of FIRE Mining Camp Blog” become a clearning house for FREEWEST shareholders considering the merits of the current offers on the table from CLIFFS RESOURES and NORONT RESOURCES. I think his article contains a lot of basic information important to anyone investing in “The RING”, and so applies widely to others than FREEWEST, NORONT, or CLIFFS. I have editted it for space, but tried to maintain the spirt of his meaning.

“I ask all visiting here who know FWR shareholders to tell them about this site :

http://rof-miningcamp.blogspot.com .”

“....I am not in favor of either offer (yet)[italic's by editor] for my FREEWEST shares...... but I will try to simplify.....”

“CHROMITE -.... seperates within large bodies of magma. The Great Dyke, in souther Rhodesia is
about 550 KM long by 3-10 KM wide. The Kemi Deposits in Finland are a rock 15 KM long by 0.3KM – 2 KM wide.” “....the magma that has chromite, has platinum group metals, some gold, and and nickel, and copper as well as a very small percentage of the total mass.”

“Nickel -Copper “ “....Like oil and water, the Nickel and Copper drop out of the magma solution and get dammed up on the sloping sidewalls of the magma chamber.”

“Chromite... could settle ouot in a gravitational setting near the base of the chamber....
could drop out from silica contaimination as pure crystals.....
selective crystalizaton can put them on walls.....
pressure changes also play a factor.....in placement of crystalization.....

thick layers mean the condition persisted for a long time[forming crystals].....”

“Platinum Group Metals .....also are concentrated in layered intrusions. Narrow one [ 1 ] meter bands ...they go for long distances....” “ There have been some excellent assays of platinum metals in the ROF....” “...KWG did some assays on their cores → here
are the links to their press releases about them:

http://www.kwgresources.com/news/index.php?&content_id=173

http://www.kwgresources.com/news/index.php?&content_id=170

“....Other ROF companies have had interesting results for Platinum Group Metals.”

SUMMARIZING

The Ring of Fire is an area of “Magmatic Segregation Deposits” of : Copper, Nickel, Chromite,
and Platinum Group Minerals.
The known Chromite deposit of FREEWEST on the NE to NORONT on the SW is about
15-20 KM.

Other sulfide deposits have been located in nearby properties, not all from Magma, in the ROF.

The distribution & concentration of Platinum Group Minerals is not yet known now.

What we know NOW;

This might be scientific guesswork, containing errors or omissions but it is herein in the sprit of clarity and information that I write and publish this.

The Chromite deposits of FREEWEST, NORONT & KWG are supposed to be subject to
NI 43-101's published before the end of 2009, but there appears considerable slippage in this date.

CLIFFS RESOURCES accepts as reall 30 years production @ 2 Million tonnes per year for
the FREEWEST Deposit. They show this production into 800K tonnes of Ferro-Chrome for 80 cent
a pound for a REVENUE of 1.4 Billion Dollars per Year from this deposit.
CLIFFS estimates their capital expense [ CAPEX ] at 800 Mil plus 400 for the RR, whomever builds or funds it.”

EDITOR NOTE: In the conference Call CLIFFS did, concering the PROFIT margin in this deposit
one of the CLIFFS officials in the meeting when pressed suggested that at the CURRENT TAKE OUT
price and the Current CAPEX, that from the 1.4BILLION REVENUE, the gross cost of producing that 1.4 Billion revenue would be, and I quote “ IN THE LOWEST QUARTILE”, leaving 1 BILLION or more as NET REVENUE for this deposit.

Part of “G-Man”'s movtivation was to attempt to help FREEWEST stock holders decide what to
do. Here I will upstage him and day, with the current CLIFF's offer rated at costing CLIFF's about
150 Mil.,and say that with the first year's PROFIT rated at about 1 BILLION, the next offers for
FREEWEST's chromite deposit should change by an ORDER OF MAGNITUDE. Given the nature of bidding, the low ball abusive mergers we have seen due to the “Financial Crises”, etc, etc, etc,
ad nausem, the actual bid for FREEWEST's CHROM DEPOSIT should ratchet up to 1 Billion divided by by the total diluted shares of FREEWEST which I estimate at 215 Million. You do the math.

That is if the bidding stays rational. Bidding may end under or over that number. All involved know the mechanic's and behaviours. So far there are six weeks in the next window [ approximately ] to a FREEWEST shareholder vote. If FWR shareholders do the math and come up with 1 BILLION divided by 215 million shares, and come up with a value for the CHROMITE alone at $4.65 @ share,
I dont think the deal will be approved.

Lots of time, plenty of bidders and the action is just heating up as the ground cools down for the winter drilling season in the RING of FIRE. Its getting HOTTER in the RING of FIRE.

Thanks to Anon. from Stockhouse for the quoted article.

Ring of Fire is a hot topic, Globally

As the hits keep coming, Globally, logically since this the world has shrunken a lot.

Basically "The RING" is under and around the "ONTARIO" on that map, in a rough sense.

Summarizing, most of the readers of the very unscientific but interesting polls

HOLD Noront & Freewest the most, the rest of the others about half as much.

THINK Xstrata will be the next bidder by a 3::1 margin over the 2nd, which is VALE

WOULD HOLD a Major Major Miners stock by 2::1 over those not wishing to/undecided

FEEL the next Target company will be KWG, then PRB, then NOT, SPC & FNC.


RING of FIRE Mining Camp Blog is about the development of this camp and the companies within it , past, present and future. You are invited to take part, submitting articles and information we hope will add to the growth of the camp by adding to the easily available information base NEW INVESTORS to the Camp will want
as they decide to look around.

I have put the websites of the best known companies on the links and solicit contributions for materials to assist. Presentations and YouTube clips or links can also be listed.

The current ongoing" BIG THING" is the development of Chrome in the southern half of "The RING". We have the DeBeers mine "VICTOR" to the east and the "Musselwhite" mine of Gold Corp, to the west. The mineralization is all around, and at some point, the "CAMP" could extend in every cardinal direction. There are enough existing & developing or re-worked mines to indicate this area may be underlain by much more mineralization.

Reported in quantity are Nickel, Copper, Platinum Group Minerals, Chrome and as yet what else, I am not aware of. Anything else can also be covered here, as it as likely as not that "The RING" has more to offer for mineral exploitation.

Until modern technical prospecting means gave us the clues to look deeper, it was all unprofitable moose pasture. A lot of it will always be moose pasture, the gods be thanked, especially if you like moose, wilderness, northern lights, and and all that goes with northern living. Proximity to markets as shown on the map assure that now found, and with the initial reason [ large quantities of ingredients for stainless steel ] discovered and being defined, the infrastructure required to develop a mining camp will come. Probably soon.

Economics drives politics which then attempts to shape economics. The items in the matrix of mineral development are many, and complex, but if the economics weren't there, this Camp would not be developed. The economics ARE in place and the Camp WILL be developed regardless of where they might be transported, refined or consumed.

So far only the Juniors and one Mid-Tier MAJOR have shown their first card. That leaves a lot of hands unshown and unseen now. Since time and tide wait for no one, more will come out as the clock ticks. The first part is like a form of Dutch Auction, where the offered price is lowered increment by increment until the FIRST bidder gets the prize - with every price tick downward the tension increases by leaps and bounds, until BINGO, someone can stand it no longer, and no one knows when that might be. Lest the prize gets away from them, the bidding will start. That awareness that the game is afoot is spreading amongst ROF stockholders. Its also much on the minds of the lurking bidders. STAY TUNED.