Re: Xstrata-Merafe to sell Horizon mine

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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Edgy

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Re: Xstrata-Merafe to sell Horizon mine

in response to

Xstrata-Merafe to sell Horizon mine

luker

posted on Aug 31, 2013 01:42PM

So Xstrata-Merafe sell a not so profitable mine and then what?
Sit with the cash in a bank account?
I suspect not.
They probably need a chromate mine because that segment is one of their talents.
Probably they will be looking for prospective mines or healthy deposits to fill the gap.
Any one guess what I mean?
Cliffs partner up or watch out.