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)
Message: Cliffs Natural Resources - The Short That Keeps On Giving?
Hey, gang. According to one influential technical analyst I follow:
"The short that keeps on giving. Flagging now. If it loses the 46.40-.80 support area then likely to fall to test 40. Resistance above at 50.20."
Serves as a good reminder to keep the CLF technicals in mind if you're ever considering an all stock acquisition by Cliffs.
Click the chart below to see larger image
Regards,
George
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