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: xstrata
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xstrata
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kennnr
Sep 06, 2012 02:43PM

I thought way back that Xstrata needs fresh resource in a friendler environment and Canada with the Ring seems to fit them to a tee, Ontario's electricity rates being a cautionary hold back.

If they are considering Noront's chromite then it would also be logical for them to swallow Cliffs chromite. Together these are a substantial investment and Xstrata would need some serious thought before they would bite.

I think that they are aware of both and may be considering just that, question is IF and When.

Cheers, Ed.

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