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: Cliffs Natural Resources rebuffed
7
Sep 12, 2013 07:31AM

Missing the whole point here....and with statements like this, it's evident this story writer has no clue what's really going on here....

Take this quote for instance.."Cliffs has 70% ownership of Black Thor and KWG has 30%"

The fact is that Cliffs has 100% of Black Thor. They have 70% of Big Daddy and KWG has 30% of Big Daddy.

So....the real issue....which I have not seen in any news story, since the judgement, is that Cliffs intends to mine the Black Thor deposit, for which KWG has no interest....and wants to pass over KWG claims to do it....without providing any compensation to KWG.....

That's the real issue

Cliffs has to either

1) take out KWG ....or Canada Chrome

or

2) make a deal with KWG in which Cliffs agrees to mine the Big Daddy deposit in exchange for the surface rights

Instead....they drag this no win game through the courts

You have to wonder....why the media can't get this crutial point straight

Or....is it me?

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