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: Forward
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tau
Jan 23, 2010 04:59PM
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Jan 23, 2010 07:33PM
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tau
Jan 23, 2010 08:35PM
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Jan 23, 2010 08:39PM

Re: Forward

in response to by
posted on Jan 23, 2010 10:47PM

"I supect Cliff will win the vote and they will try to get going with many necessary tasks. I am pretty sure they realise that it will be very difficult to make the chrome deposit pay for all the infrastructure costs alone, they need a hand. They will obviously seek governments for aid, but also approach NOT.......

It looks to me (assuming Cliffs wins FWR) that Cliffs is on the hook for the railroad. And maybe getting a commitment from Cliffs was what the takeover battle was all about. If I was on the BoD of NOT I wouldn't be in any hurry to talk to Cliffs about putting up money for a railroad. I would just say, "Hey guys, you won FWR saying you would put in a railroad and there was never any mention of NOT contributing. Tally-ho." JMHO.

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Jan 24, 2010 08:23AM
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Jan 24, 2010 09:21AM
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