Hi SRV.

"The Cliffs' vision is to begin with two open-pit mines, which they can work for 10 to 15 years, and then go underground for another 15 to 20 years.

It will need 260 kilometres of new road to access the site, which would accommodate a minimum 300 personnel, then large haul trucks, with 70-tonne capacity, would deliver ore and concentrate from the mine to the CN railhead at Nakina.

Between 50 and 100 heavy rucks would be on the road daily at peak production, say Cliffs officials, and there's also hope of a nearly 350-km railway north of Nakina into the mine site."

KWG certainly hopes that Cliffs will change its vision and decide to mine Big Daddy first, which would call for a sooner railway... This change of vision is not impossible, many things - including newcomers, new discoveries, more consolidation, more Public involvement- will happen in the RoF in the next 20 months and nothing may be taken for granted. Even Cliffs may be merged or taken out.

We are entering in a new "Iron Age", just look at what happens in Quebec. No way that this mega-billion pot full of ferrochrome - copper - nickel - iums (and did we hear gold and diamonds in the background?) will stay out of the grasp of the Majors (I mean the Seniors). Arcelor, BHP, Vale, Rio Tinto, and others are probably seriously studying their potential positioning in one of the next larger mining camp in ther World!

Let's hope that KWG will find its way in the game to come! I still believe that Frank and his team will surprise us!

GLTA.

BaBe.