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: How will it end?
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Dec 28, 2009 10:10AM

I can assure you of one thing Colombo, If we are successful in turning down this puny bid, Cliffs will not walk away, they have way to much invested in this whole play. Cliffs shareprice has been increasing based solely on FWR's projected 1.4 billion a year revenue for the next thirty years. I would love to see them walk away from this. If cliffs does not want to compromise their shareprice then they will have no choice but to pay the fair value! It is still not to late for some other major to step up to the plate, many surprises can happen in the next several weeks. Watch and see!

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