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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"FWR and Clf want to drive the votes in the other direction towards NOT."

I've been thinking the same thing. I think that Cliffs is worried about the 1.4 billion infrastructure cost. These are perilous economic times and infrastructure costs that big might be big enough to sink a five to six billion market cap company like Cliffs.

Cliffs probably has a big enough stake in NOT to get in the door for marketing the chromium in NA.

I have a feeling that when NOT said this was their final offer, it was a warning to Cliffs not to push things too far because they (Cliffs) might just win. (Hence the stingy face-saving offer by Cliffs.) JMHO.

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