Re: What I don't understand....

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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sculpin

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Re: What I don't understand....

in response to

What I don't understand....

Forestmusic1

posted on Jul 22, 2010 12:47PM

I think part of Cliffs strategy might be to capture the chromite first. If they make a bid for FNC or NOT, I think this would bring the competition out of the woodwork. This might be something Cliffs would not want at this time. Cliffs are gradually accumulating resources and do have interests in any metals. They have a long term plan, IMO, and so far it looks as if they are excecuting it very well.