Re: Question to the Forum

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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goldhunter11

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Re: Question to the Forum

in response to

Question to the Forum

SideThree

posted on Apr 04, 2012 10:57AM

SideThree,

My guess #1: Baosteel will try to overtake RCF (listed in the new presentation as the top dog). There is no way that Baosteel will take this lying down (face is very important in the Asian tradition, 19.9% would do it after May 2). After all it's a 300-lb gorilla compared to CLF a 100-lb gorilla (30B versus 10B) and a few $M is chump change. Unless, of course RCF is one of their friendlies which was set up as one of 5th columns. Perhaps CLF is doing the same thing, but be careful, you don't mess with a 300-lb gorilla.