Re: Roulston has a excellent write up on metals market in latest letter

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Old Joe

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Re: Roulston has a excellent write up on metals market in latest letter

in response to

Re: Roulston has a excellent write up on metals market in latest letter

res-investor

posted on Feb 19, 2008 06:01PM

RES-INVESTOR! I am with you as much as 100% on your observation with respect to possabilities for Global Recession. Note the 65% price increase for April 01, 2008 Iron Ore contracts and the suggestion by RioTinto that they will be getting much more for their Iron Ore Contracts for April 01, 2008 to April 01, 2009. CVRD even clearly stated that their 65% price increase is a floor price agreed to by China for assurance of supply delivery and does not mean that it is a fixed price but is a minium they (China) is very willing to pay for the assurance of supply.