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: Do we still believe the East West option is dead?

Edgy, Your comment,"This recession in metal prices is a blessing in disguise for Cliffs because they have an argument to contribute less and by default governments more." has some truth. The flip side of this argument of course is that the governments are more cash strapped than Cliffs. Our hope is that the metal values have bottomed and the forward outlook will increase the potential incomes of both parties, one through higher tax revenues and the other through higher profits and for we investors, share price increases. Looks like a turn around may be starting this morning?? but I could be way off base. Here's hoping. the deputy

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