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: some speculation in a bad market

2012 May 31:

Cliffs Natural Resources (CLF: 47.78, -3.10, -6.09%) was a major loser in the Basic Materials Sector.

Its price dropped 6.1% (-$3.10) to close at $47.78, as 6.8 million shares moved.

The stock traded in a range of $47.06 to $50.10. The stock is down over the last two months, having fallen $23.10 (-32.6%) from a price of $70.88 on April 2, 2012.

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