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)

Free
Message: Merrill bought 406K.....hmmmm. Eom

CLF seems to need to raise more cash, for some of their major undertakings,etc. A few days ago they announced issance of more shares to raise cash. I would be surprised if CLF is in the position to aquire more assets in the Ring,but who knows. A good bet,I agree,is that Clf may in fact want out from the Ring and we may see other major(s) the likes of BHP,etc. come in for a massive takeover,which could include what CLF owns as well as our NOT. Just speculation on my part.

Share
New Message
Please login to post a reply