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: rof chromite worth?

rof chromite worth?

posted on Feb 02, 2010 08:38AM

Here is a sentence from an upgrade to cliffs, the whole report is posted on the FWR board by irish.(While excluded from our price target, we believe the recent acquisition of Freewest Resources Canada could be worth about $4.10/share for CLF shareholders, and it provides decent upside optionality for long-term investors.) If FWR added that much value to cliffs share price, just exactly how much was that resource worth? And since we know have some #s to know what kind of value is in our chromite, I wonder if this increases the value of NOT very much?

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