Massive Black Horse Chromite Discovery

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

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Message: Glencore sold Las Bambas Cu Mine to Chinese Company

State-support Chinese company will pay $6B cash which is quite a bit of cash...more than enough to get something going for the RoF. The cost estimate of $1.6 B for the RR is peanut, since the Fed could probably fund 50% of the cost...and the Prov could take care of the alternate E-W road. Now we have it! Ducks in a row, stars aligning? That remind me of China Anne McClain singing "Star Aligning"

http://www.youtube.com/watch?v=h8ym_zLcCZ0

Her name is actually "China". Connection with Baosteel by any chance? They love both Ni and Chromite for stainless steel. They also have the cash...watch out Glencore, don't get too overconfident. BTW, we can just write off CLF.

http://www.theglobeandmail.com/report-on-business/international-business/las-bambas-sold-to-chinese-investors/article17952022/

goldhunter

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Apr 14, 2014 09:18AM
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