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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Message: Re: Major/D12
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Jan 19, 2009 10:01AM
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Jan 19, 2009 10:16AM
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CMP
Jan 19, 2009 10:43AM
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Jan 19, 2009 10:49AM
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Jan 19, 2009 11:03AM

The question becomes: Who has more to gain and who has more to lose. If an American Stell company was to buy this and develop its assets to lower their production cost, they may increase their profits by only 10%-20% most likely. However, for for companies that already have spent huge monies on infrastructure to mine Chromium, their loses would be much larger IMO. So it is my bet that the Chromium in the RoF will not see the light of day as it will be devastating to the current producers even more so than the current price drop of Chromium. As such, the best scenario for us would be to get interest from a Steel manufacturer, get them in on the cheap but get them in and scare the Chromium producers into buying it. Legal blackmail is what this would turn out to be. If they (Chromium producers) lose the bidding war, then they would be in huge trouble with their Chromium assets. If they win the bidding war, they have just stopped the market from being flooded by cheap Chromium. This must be a scarry scenario for them. Almost nothing (except our nickel and pges) to gain but alot to lose...

Glorieux

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Jan 21, 2009 02:34AM
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Jan 21, 2009 05:46AM
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