Massive Black Horse Chromite Discovery

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

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Message: CLIFFs is gone, so now what?

Tiesolus:

You asked: "I'm just wondering if now is a good time to sell, just to buy back when..."

Here are some comments:

- sell, what price would be expected, $0.06/s?

- buy back, at what price (presumably the strategy is sell high and buy low, assuming that CLF would dispose the share in the open market and this would bring the sp down?)

If CLF wants to divest the shares (quite a chunk, plus wts?), most likely they would arrange a private sale. What would happen if the sp start to increase right after this private transaction, would you still buy in at higher price, e.g. $0.10/s all the way to $ 0.20/s, the target price from Pope & Company, and perhaps beyond?

Just some speculation, your call of course.

goldhunter

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