CLF to unload chromite assets, ASAP

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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CLF to unload chromite assets, ASAP

posted on Oct 28, 2014 01:31PM

Posted by Babjak1 on NOT board.

http://washpost.bloomberg.com/Story?docId=1376-NDUWX96TTDSO01-6KSO8J9ULTGR92NUAS11T2MKUM Other assets are being sold off quickly. The sale of a minority holding in a graphite mining company was completed in August. Goncalves said he’s trying to sell a chromite project in Canada’s Ring of Fire mining region “as soon as I can.”

If CLF want to have a foothold in the RoF, it can try to unload the chromite assets to KWG (with the support from a major), but keep its KWG shares (around ~10%, following the completion of KWG PP). Or, can can liquidate the whole thing... for cash, or a combination of cash plus NSR.