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: Logic or way out in left field?

"I think NOT BoD is in denial about CLF assertiveness and prowess"

A nice way of putting it but only on the surface. I would say they are really mounting a watchful eye as opposed to being in denial. People also need to keep in mind that Cliffs has a very small position in FWR and could easily be matched or outdone in the blink of an eye.

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