Re: cliffs out, kwg in...
in response to
by
posted on
Nov 21, 2013 04:23PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
" I can't see who's gonna fill the place left by Cliffs..."
I am not positive on this, although it would seem logical, but by virtue of KWG owning 30% of Big Daddy, could there not be some legal recourse where they could insist on proceeding with development, with CLF being forced to participate, or be reduced to an NSR?
Also, one can be sure, the Ont Gov't is not just going to let them shut the whole thing down. I would expect they have options that could be taken.
For sure, it could get interesting between now and year end.
K