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)

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Message: Re: Logic is Over The Cliff
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Jun 13, 2009 09:11AM
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Jun 13, 2009 04:50PM

While KWG and FWR have opened their arms to Cliffs, NOT appears to be playing hard to get at the very least. They downplay Cliffs involvement and minimize ther significance of the presence of Cr without Ni. It seems clear that they wish to be the spearhead and are not interested in giving Cliffs or anyone else any credence until they've done what they thought they might do. NOT has a very large land holding and we are not sure just how successful they will be in wrapping up other companies into their land package so we'll have to wait on this one. Cliffs put out a few dollars and has a hold on KWG and 6% and change in FWR not including warrants/options. Not a lot really but it's a start. People are perhaps making a bit more of this being that they've been waiting so long to say " a major is involved" that the man in the red suit and white beard in the department store must be Santa. Who can say how Cliffs will evolve into the new economy as new alliances are forged while other longstanding ones disappear. The ROF is unfortunately going to play out as much in the board room as the "field of drills" thus it will be much more protracted and require a lot of patience. Now if somebody finds something really big the whole apple cart will be upset so we just don't know where we'll be going. Some other company we've stuck on a backburner could come out with the most unbelievable find and give NOT and FWR a run for the industry attention. I'm still wondering who BMK will throw in with as they have some pretty tastey land and they are not saying a whole lot. They had huge interesections of lower grade and I think a significant silver intercept which got totally ignored because it wasn't an Eagle 1. Add it to the till though and that's a hunk of value. It would be incredibly exciting to know what is going on around each campfire and what one is plotting against the other to say nothing of what they have pulled out of the ground. We're gonna have to wait.

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Jun 13, 2009 06:04PM
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