Re: How big can the chrome deposit be?
in response to
by
posted on
Aug 14, 2010 02:33PM
"Cliff's must buy if they are going into the North American Chromite Supply business. They certainly wouldn't want a competitor taking 50% of the North American Chromite demand away from them. A large miner might buy Probe just for leverage later on against Cliffs. But this time Cliffs bring the big check book! The one with the overdraft protection because you are going to need it!"
All of the same things were said about SPQ and FWR and we see how history has treated them. Lot's of Bravura here and I would like to see great things for PRB but what I see now is pumping if not over-excitement. The sp is certainly going to go up but we'll have to wait and see just how far. Probe, NOT, etc. are just little guys and in the end it really will be up to the shareholders as to what they finally trade/sell for and this is the great unknown. So far no one has expressed interest other than CLF for FWR/KWG/SPQ and there is no reason to expect any in the near future or at least while the retail own them.