Re: Those considering not tendering, here is another scenario

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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Francis Dube

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Re: Those considering not tendering, here is another scenario

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Re: Those considering not tendering, here is another scenario

luckylou

posted on Dec 08, 2009 03:25PM

We have no proof either way which chromite will be cheaper. The sulfides next to the BBs may gives us more PGEs making our deposit better. Our distinct gold zone near our chromite is another interesting link that may make our BBs better. We do not have enough info to say which is better and Cliffs has over played this IMO-no one knows. However the risk is real for those no tendering.

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