Re: Is Cliffs feeling the pressure yet?
in response to
by
posted on
Mar 25, 2012 12:22PM
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)
THIS IS THE BOTTOM LINE!
"You might say the beginning of the end game,…real action on the finalized Infrastructure plans and build. Just my opinion, major Xstrata with it’s Sudbury connections and World Dominate position controlling the Chromite Market will intervene, Bid for and Take out both CLF and Noront as the End Game.
The Chinese (BaoSteel) will not roll-over easily, as they see their investment and plans for the RoF in jeopardy."