Re: Cliffs halts ROF development
in response to
by
posted on
Nov 21, 2013 01:30AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
They specifically say they will keep their mining claims - " have no plans to sell its mineral deposits in the Ring of Fire"
However I expect money talks, so they will look at offers, since the company is cash strapped.
I wonder what the exact terms of the old agreements between Freewest, Spider, and KWG are, in relation to keeping work going on Big Daddy? At one point KWG was the operator on the claims, then CLF became the operator, and now, with work suspended they can't actually say they are holding up their end of the agreement re those claims --