Drilling Season is upon us, in the RING of FIRE

and everyone from the Major Major to the tiniest of Juniors are playing close attention to the current tidal wave of interest in the mineral values in the RING.

Who started what doesn't matter as much as who gets what. Who gets what has been
the primary element of the struggle to - date.

Noront announced its unsolicited all stock offer [ 1 share of Noront for each 4 shares of FREEWEST ][ as unissued, this would have resulted in a 1/3 dilution for all shareholders, new and old ] in early October and was greeted with great skepticism by both the Market and FREEWEST Holders. FREEWEST management was more direct and called for an outright rejection of the offer and advised against tendering any shares to Noront. While Noront has not publicized how many shares it did obtain, subsequent events seemed to make this offer untenable, as FREEWEST's price moved far and away better than Noront would have penciled out to be.

FREEWEST and its holders maintained that CLIFFS [ former CLEVELAND-CLIFFS ] of Cleveland, Ohio, had the inside track and would make a superior offer to Noront.

On Nov 23rd, FREEWEST CEO "Mac" Watson, announced just such an offer by CLIFFS, with an estimated value of 70 cents per share of Freewest, for their RING of FIRE
Chromite properties. That is where it stands as of this moment. Theoretically, the NORONT deal is open until Noront says it is not, or until the FREEWEST stockholders vote on the CLIFFS deal. That part is about 6 weeks out. So for a minimum of 6 weeks there is going to be a virtual donnybrook about the values attached to RING of FIRE Properties, the bidders and those sought after. More will be posted here about such.