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: Back of the napkin calculation

That's the problem in a nutshell, Khareema. If the estimates by Edgy and others are even near correct, why wouldn't CLF swoop in and soon. Their stock price has done well, giving them the perfect currency to effect a takeover.

Won't be a pretty price (for NOT shareholders), but, if CLF wants it, I doubt they can be denied.

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