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: Cliffs selling $750MM worth of bonds

Connected to the Ring of Fire I am sure. All this is adding up to a takeover offer. The knock down on the SP, the large bids around 1.10 mark. I suppose they do have to keep the price below 1.18 to get that MA down to that mark after the price rise we had last week.

http://www.marketwatch.com/story/jb-hunt-cliff-natural-and-svb-selling-bonds-2010-09-15?reflink=MW_news_stmp

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Sep 15, 2010 01:42PM
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