Stock,

NOT needs a major to take 10% - believe Cliffs will play the same role that Teck did at Voisey's Bay but they will likely retain their share rather than selling to the major. With both Cliffs in for 10% and retail holding tight Crazy Dick will be pacing the floor at night after NOT announces more nickel.

Thought all the nickel was at E1, E2 and AT-12 where did C1 come from?

Believe the ferrochrome (with excellent economics) closest to market mill be mined first. Doesn't this mean the Blackbird deposits?

AFS