Re: Ring of Fire sparks Chinese interest in mining

Massive Black Horse Chromite Discovery

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

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goldhunter11

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Re: Ring of Fire sparks Chinese interest in mining

in response to

Ring of Fire sparks Chinese interest in mining

irish1111

posted on Sep 17, 2012 06:17PM

Sinocan drilling next month: I don't have a confirmation on this, but I would say just forget about the new drilling. Why bother drilling for more stuff when there is already plenty around (assuming chromite is what they are interested in)? NOT has some, KWG has 30% of BD, PRB has BC, FNC is next door...and with Fe in Quebec. I would say 2 Chinese companies (Baosteel and Sinocan) would have a much better strength than CLF. It would be cheaper just to buy the deposits from the companies mentioned above. The Chinese surely can build the RR and a smelter.

Oh yes, Frank is in Toronto, the same town where the Chinese Consulate is located. Have a little "getting to know meeting" (over some Peking duck) with them to pitch the 30%BD and the RR. Give them a hint that CLF has the other 70%...buy that off as well. Perhaps CLF would not mind at all.

There is an audio interview in the link below.

http://www.cbc.ca/news/canada/thunder-bay/story/2012/09/17/tby-chinese-visit-ring-of-fire.html