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: Xstrata to shut Timmins Smelter
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Dec 07, 2009 07:30PM
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Dec 07, 2009 08:10PM
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Dec 07, 2009 10:50PM

Good points, Edgy. I've just gotten out of Automotive recently after being in it pretty much since I graduated. There are lots of bargaining tactics used, I wouldn't be the least bit suprized to see that being the case here.

Another thing to look at is wording... they SAY they are closing the smelter, could they just mothball it until it's needed for future use? Maybe they have plans to let it lie for now and fire it back up once they take over the Ring in five years time?

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Dec 08, 2009 09:59AM
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Dec 08, 2009 10:48AM
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Dec 08, 2009 11:53AM
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