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)

Free
Message: Re: Cliffs Natural Resources retreats from failed Canadian investments

disaster". That`s as good a word as any for what i`ve seen in the ROF over the last twenty years.

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redgreen9................I know how you feel regarding ROF. However word Disaster

was meant in that post to refer to all the Billions spent on iron ore and may be even

coal entities and not prmarily on Chromite investment. They were applauded by many

for "stealing Chromite from Freewest and others". Prolonged period of low prices for

iron and huge amount of dept is what is weighing it down and might be their undoing.

I too am disapointed with the slow pace of development of ROF in general and of NOT

in particular. The difference between us is that I am positive that finaly we will see

the light at the end of long tunnel.

GLTY and all,

Fossil

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