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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" Many analysts say that Ontario missed an extraordinary opportunity to establish a chromite industry during the commodity boom" Really! The boom was already over by the end of 2014 and Cliff's didn't have a proposal until 2011. There is no way a chromite industry could have been established in 4 years, and even if it were it would have started up in the middle of the resource depression and would have lost tons of money.

However Ontario may yet miss an opportunity for the next commodity boom if and when that should arrive. But the way the world economy is going the next boom may only be a fart.

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