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: CLIFFS / KWG / ROF

CLIFFS / KWG / ROF

posted on Feb 08, 2009 05:03PM

There has been some hyph in regards to Cliffs share price on the rise, but I do not believe that this has anything to do with the buy in with Kwg.

If you were to look at their 52 week high you would see that they were trading at $121.95 and their low was $13.73., current share price is $29.55.

One of the reasons the price is on the rise is that some are buying back into the low share price as mentioned by others.

Another reason is that CHINA had large Iron Ore Inventories on the docks and not moving, this was due to their railway system failure. This has been resolved and Iron Ore is now moving to the Steel Companys inland, so inventories are being used up and reduced.

Its like us buying into the ROF plays while the prices are so low, and we know they are not going to stay this way to long.............RL

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