Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Free
Message: Re: Cliffs Natural Resources Walks Away From Ring of Fire


James, who states "that Cliffs is offering up the company’s camps and other assets in the Ring of Fire for sale?" Cliffs "selling camps and other assets" is just another deception!

Will they sell their chromite deposits? No.

Like Sudol's sources, your sources are being feed by those who would gain by Cliffs applying pressure onto the Ontario Divisional Court of Appeals in the ongoing easement case of "2274659 Ontario Inc. v. Canada Chrome Corporation and MNR". Make our day and show us Cliff's motion of withdrawal from the appeal proceedings.

Cliffs paid Freewest $240M and Spider $125M, totalling $365M for Black Thor and 70% of Big Daddy and spent another $170M on the project. Without ROF infrastructure, they will never recoup their initial investment. With infrastructure, they no longer have the opportunity of a monopoly. They do not have the management skills or wherewithal to deliver a world competitive chromite concentrate or ferrochrome product without a chromopoly.

What about their 16.4% of KWG Resources? Do you see them selling? No.

Halverson could turn Cliffs role in the Ring of Fire into a real lucrative partnership by dropping the appeal and negotiating in good faith with KWG but it looks like they lack the vision and have nothing to bring to the table.

Cliff's had their kick at the can and now It's too late.


Share
New Message
Please login to post a reply