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: News tuesday morning??
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May 29, 2011 09:53PM

Hi CT.

I see that Noront is an 'associate member' (non-voting), along with BHP... (Glencore and Delachaux, the 'banquiers', are 'associate members' as well.)

Interesting to see Xstrata (Alloys Division) as a voting 'ordinary member', together with a welcomed "new member", ...tadam... Cliffs Natural Resources !!! Baosteel is also on the same 'ordinary members' list, but I do not see any other non-asian big player (indian Tata Steel is there though).

From the site's info, there are 3 Membership Categories:
- Ordinary Membership: producers and processors of chromium containing materials.
- Associate Membership: trading companies and trade associations having an interest in chromium.
- Affiliate Membership: end-users and providers having an interest in chromium.

I conclude that Xstrata, Cliffs and Baosteel are producers, so key players in the field, more likely to be potential M&A bidders to ferro-chrome explorers, while BHP may be seen to having only "an interest in chromium" which I suspect is a bit under the truth... I suspect BHP to have a spy or two around northern Quebec and Ontario at this time. I do not see ArcelorMittal on the lists...

And there are a couple of cocktails and lunches and dinners and after-hours on and off the Program... I'd love to be there and observe who of the boys from Cliffs, Noront and Baosteel will offer a drink and a smile to who... The Eagle, the Beaver and the Dragon talking about the Ring of Fire down under...

GLTA.

BaBe.

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