Massive Black Horse Chromite Discovery

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

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Message: Cliffs Natural Resources Inc. Announces 2012 Capital Expenditure Plan

Wow, every ROF company should take note and cheer. This is a significant disclosure and an unexpected one in my opinion. We should all note that they are saying 1M more tons than the original 600K. That is 1.6M. They are in regardless and taking a page out of Noront's book by just saying they will include road costs and simply anticipate provincial support. Big change in attitude. IMO, means hydro is resolved and Sudbury wins, getting the refinery.

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