Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Question for Snug

Question for Snug

posted on Aug 15, 2009 10:20PM

I know you've been following Spider more than I have and I'm hopeing you can answer this. Cliff's has taken a position in KWG (19.9%) and Freewest (6.9%) but no position in Spider, which seems odd to me. Did Cliffs approach Spider regarding a PP and get turned down, or have they not yet taken that step. I know Spider tried to put together a PP for quite some time before this last one was finally completed. Cliffs seemed willing and eager to get percentages of the other 2/3 of the JV and it's odd that Spider wasn't included.

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