cliffs presentation

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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storm5151

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cliffs presentation

posted on Nov 23, 2009 06:22PM

I just listened to it, its about an hour long and you NEED to hear it. There is nothing but positive statements about the area and potential.

A couple things stand out. They will mine 400-800K tons of mineral and sell it for about 82-88 cents per pound, at the high end thats about 1.4 billion dollars

they are buying FWR for about $1 per ton or .0005 cents per pound ( i think my math is correct)

Thats one hell of a deal.........

As a fwr and NOT shareholder I think that the offer is grossly undervalued......

Regards

Storm

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