Massive Black Horse Chromite Discovery

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

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Message: New Cliffs CEO sees ‘zero hope,’ no asset sale in Ontario’s Ring of Fire

This is NOT good news. He can and will wait. No pressure for shs as ROF has been written down to zero so no -ve affect on financials. Focus of shs is on CDN IRon Ore Assets not chromite.

"Among the assets up for sale are Cliffs’ chromite concessions in the Ring of Fire. While Mr. Goncalves doubts they will be sold anytime soon, he does not mind holding onto the assets as Cliffs has no liabilities associated with them."

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