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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 on the inside... sure Samancor will have something to say soon.

Cliffs on the inside... sure Samancor will have something to say soon.

posted on Apr 24, 2009 08:40AM

April 23rd. Mr. Fink, now officially a member of the board of directors of one of the 3 Amigo's JV Big Daddy deposit, Mr. Fink who is the General Manager of Acquisitions & Development for Cliffs Natural Resources which is now the main shareholder of KWG.

SPQ's recently announced( April 21) grant of 7.1 million options at .10 , the then subsequent cancellation of the IBK brokered 78 and 1/4 million Private Placement (April 22) led up and into the KWG announcement of Mr. Finks appointment.

This announcement imo could be the underlying reason of the sudden withdrawal of the PP and the potential reason that the PP was not filled by the efforts of IBK, IBK of course works and has worked successfully for some time for NORONT.

Cliffs no doubt have got something cooking for SPQ and FWR and Neil's lining up his ducks. I see a potential conflict of interest battle on horizon....or maybe Neil will be the adheasive to get the 3 amigos and NOT together on these claims. jmo

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