HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Cliffs
| Bernie's bets on resources |  |
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| Thursday, 07 May 2009 |
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"I initiated a long position in Alpha Natural Resources (NASDAQ: ANR). The company has just reported earnings that surpassed analysts' estimates by 18 cents per share. "The stock gapped higher on the news, breaking above heavy call open interest at the May 30 strike. Upgrades are possible for ANR, as only 10 of the 17 analysts' covering the stock rate it a 'buy.' "I have also initiated a long position in Cliffs Natural Resources (NYSE: CLF). The company reported earnings on April 29 that surpassed analysts' estimates by 7 cents per share. "The stock reacted postively, and has since broken above its 160-day moving average. The stock has since broken above the 30 level, which had previously acted as resistance. " Upgrades are a possibility for CLF, as only 5 of the 9 analysts covering the stock rate it a 'buy'." |
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