Massive Black Horse Chromite Discovery

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

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Message: Re: NR (
NR
5
Feb 03, 2011 01:56PM

I believe that Frank, like David against Goliath, tries every ways he can find to stick a value to our shares and to keep a permanent spotlight open on it. This is what I call a shareholders-oriented PResident!

Hiring Xstrata for the chromite analysis was a David's pellet trown at Cliffs. Another. Today's NR deliverd on a Halted plate is again a way found by Frank to keep a spotlight on us, and to secure some more glue under the value sticker attached to our properties. Our Management is awake days and night, and won't be surprised by a sudden attack!

Cliffs still has a bitter aftertaste from the 'retracted' Cormack's and Broad Oaks valuations that were published by Frank (another David's pellet) even though the take-over bid was removed... I suspect that Cliffs' present move regarding its reporting issuer status is partially related to their will to facilitate the processes of their acquisition in Canada land...

Anyways. Consolidation has only begun in the RoF and we should see many news coming out from all around, including government. Be prepared for a few jaw drops before the sod turning ceremony ! And don't forget that drills may not have hit even 5% of what there is in the ground. Happy to be here soon with good tickets for the show!

I cannot be more pleased by Frank Smeenk and his team behaviour. We can sleep quietly, our boys are the best of the best at gatekeeping!

GLTA.

BaBe.

5
Feb 03, 2011 03:31PM
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Feb 03, 2011 04:16PM
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