Solid foundations. New horizons.

Free
Message: Re: There are some things I just dont understand

No This is the horizontal oblong block that is to the N East of NOT eagle 1. This blocks eastern corner catches the central zone of the Chromite structure. On thos of that it is the high ground and the deposit outcrops on this block..... Prime section of the deposit and nearest the surface.... and its dry.

Cliffs alrady has $400,000,000 into the aquisition of the deposit via FWR and SPQ.... and another 150MM or so on the bid for KWG....With that kind of cash committed to this resource is it logical that the primo piece will be left to someone else. Especially considering it is smak dab in the midle of their potential mine.... pretty hard to develope this deposit without PRB... if not impossible.

If the resource currently at 8.4 MM tones is increased to 15 to 25 MM tones.... Clifs will have to pay a very high premium to PRB.... Just do the math on the abounts they already paid.

JMHO

Share
New Message
Please login to post a reply