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: here's my 2 cents
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Oct 21, 2012 06:02PM
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Oct 22, 2012 02:05PM
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Oct 22, 2012 03:15PM
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ANL
Oct 22, 2012 03:36PM
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Oct 22, 2012 03:44PM
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Oct 22, 2012 04:12PM
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Oct 22, 2012 11:17PM
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Oct 23, 2012 11:24AM
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Oct 23, 2012 11:34AM
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Oct 23, 2012 08:45PM
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Oct 24, 2012 01:21PM
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Oct 24, 2012 03:17PM
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Oct 25, 2012 09:32AM

So natives would own the rail line after 20 years or so, why so generous?

Is it really being generous?

Does Cliffs want to invest in a railroad for profit? More like they want to see a railroad in order that they can profit from a mining operation.

Does KWG want to own a railroad? More like they want to use it as a lever to ensure their orebody gets preference for mining.

A railroad will require a bil or so investment, and assumes a payback over twenty years. At the end of that twenty years, the rolling stock will all be due for replacement, and the company is operating at either a small profit, or a small deficit, and won't warrant the additional investment required. Better that it gets turned over to some entity that has seemingly bottomless pockets (Gov't assistance), and let them figure it out. Over the years I have watched countless times where the federal gov't has kicked in seed money for an enterprise that is supposed to make native entrepeneurs self sufficient. Haven't seen them do a railroad yet, so why not now.

Best regards K

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Oct 25, 2012 03:15PM
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