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: STIFEL Report dated July 26,21
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MC
Dec 15, 2021 02:41PM
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Dec 15, 2021 03:55PM
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Dec 15, 2021 08:41PM

IMO....

Cliffs bought AK Steel....AK Steel does stainless....Cliffs tight with Algoma....Algoma to get EAFs....Cliffs gets chromite from Noront....Noront sends nickel to be smelted in Sudbury...Sudbury sends Noront nickel billets to Algoma....Cliffs sends DRI from Minnesota to Algoma....Noront Chromite from the Ring goes to Algoma for reduction....Stainless steel made at Algoma....Stainless goes to AK Steel...Cliffs produces stainless for the US market and sells to others....Noront, Algoma and Cliffs are all good friends...End of story.

TM.

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Dec 16, 2021 11:53AM
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Dec 16, 2021 01:11PM
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Dec 16, 2021 02:53PM
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Dec 16, 2021 03:31PM
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Dec 17, 2021 12:36PM
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