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: Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2011 Results
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Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2011 Results
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redgreen9
Feb 16, 2012 09:26AM
Re: Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2011 Results
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goodheart-r
Feb 16, 2012 12:29PM

"Gravelle stated Cliffs Natural Resources vice-president William Boor testified that 60 per cent of the ore is projected to be refined in Canada, with 40 per cent of the concentrate exported abroad to help pay for operations."

This is a section out of http://www.northernlife.ca/news/localNews/2012/02/15-gravelle-ring-fire-sudbury.aspx

IMO If you read between the lines, 40% could come from BD which can be shipped directly to market

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