RE: FWR discovery:contiguous/on strike to MPM It happens in threes:
1) MPM is about to close the Ben Lomond acquisition: The Ben Lomond resource has in excess of 10 million pounds of mineable reserves U3O8 (Uranium) and a Molybdenum credit of 0.15% . At US$20 a pound for U3O8 and US$30 a pound for Molybdenum the in-ground value of the combined metals is over US$400 million.
2) MPM/FNX to commence phase 3 drilling: MPM's partner on the Mt. Kakoulima project is FNX Mining Company Inc. ("FNX"). FNX took the McCready West Mine Ni discovery, the Inter Main Deposit, from discovery to production in 14 months. The FNX exploration team comprises ex-Inco, Falconbridge and WMC senior geologists and management. MPM benefits from the expertise of a proven, world class nickel exploration team in FNX and is very well leveraged for exploration successes.
3) MPM/EWR: check out EWR, MPM's partner in Shebandowan, which is trading record volumes and a 52 week high on the FWR discovery( which is contiguous and on strike to EWR/MPM's property).
All 3 factors coming together at the same time is a dream come true for MPM shareholders!!!!!